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May 22, 2015

Homework Help: Accounting

Posted by Anton on Sunday, September 23, 2012 at 4:13pm.

Scott Brothers, Inc. follows the qualitative characteristic of consistency. This means that
Answer

a. Scott applies the same accounting principles as its competitors.
b. Scott has elected certain accounting principles that can never be changed.
c. Scott applies the same accounting principles each period.
d. For expenses, Scott uses the same account names as used by its competitors.

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