What is the underlying concept that supports the immediate recognition of a contingent loss?

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Here is the solution for What is the underlying concept that supports the immediate recognition of a contingent loss?. The solution is given after the options.

What is the underlying concept that supports the immediate recognition of a contingent loss?

Substance over form.

Consistency.

Matching.

Conservatism.

Correct Answer

Conservatism.

Explanation:

Conservatism. is the answer for What is the underlying concept that supports the immediate recognition of a contingent loss?

Conclusion:

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