Which of the following statements is true? When significant uncertainties exist about the outcomes of transactions still in progress. .
A.
Accounting determinations should be subject to a range of optimistic.
B.
The accountants should use the most conservative accounting procedures which intend to understate net assets and income.
C.
Possible errors in measuring net assets and income should tend toward understatement.
D.
Possible errors in measuring net liabilities and loss should tend toward overstatement.