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    4. Welfare Economics
    5. According to the accounting convention of prudence, which of the following is taken into account?

    Question

    According to the accounting convention of prudence,

    which of the following is taken into account?
    A All future losses but not profits Correct Answer Incorrect Answer
    B All future profits but not losses Correct Answer Incorrect Answer
    C Neither profits nor losses of the future. Correct Answer Incorrect Answer
    D All future profits and losses Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next
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