Accounting

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

  • Accounting -

    c. Scott applies the same accounting principles each period.

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