The principle of conservatism is concerned withthe avoidance of overstating assets or income in the

The principle of conservatism is concerned withthe avoidance of overstating assets or income in the preparation of financial statements.the minimization of costs associated with providing financial information.the company’s ability to carry out its existing commitments.the company’s procedures for recording activities at their initial exchange price.Which statement presents financial information not based on accrual accounting?Balance SheetIncome StatementStatement of Cash FlowsStatement of Retained Earnings

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