Saved TB 02-91 According to the principle of conservatism, ... According to the principle of conservatism, when faced with uncertainty about the value of an item, a company should use the measure that...

Extracted text: Saved TB 02-91 According to the principle of conservatism, ... According to the principle of conservatism, when faced with uncertainty about the value of an item, a company should use the measure that avoids: Multiple Choice understating assets and liabilities. O overstating assets and liabilities. overstating assets and understating liabilities. O understating assets and overstating liabilities.