a. when multiple estimates of amounts to be received or paid in the future are equally likely, then the least optimistic amount should be used.
b. a company use the same accounting methods period after period.
c. revenues and expenses are reported in the period in which they are earned or incurred.
d. all items of a material nature are included in financial statements.
e. all inventory items are reported at full cost.
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Home » Business » The conservatism constraint prescribes that: a. when multiple estimates of amounts to be received or paid in the future are equally likely, then the least optimistic amount should be used. b.