MCQOPTIONS
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				| 1. | 
                                    Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles: | 
                            
| A. | Materiality Principle | 
| B. | Timeliness Principle | 
| C. | Consistency Principle | 
| D. | Conservatism Principle | 
| Answer» E. | |