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When an estimate is genuinely uncertain, a company should report the most cautious figure. That idea is:

AModernism
BConservatism
CMateriality
DMonetary unit
Answer & Solution
Correct answer: B. Conservatism
1. Caution is the guiding word. 2. It applies when values are unclear. 3. It is conservatism. _Source: OpenStax Principles of Financial Accounting, Chapter 3, Analyzing and Recording Transactions._
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