... in August in the amount of $12,000 Nov Purchased office equipment of $4,000 and office supplies of $150 from Office Depot receiving an invoice for $4,150 None of the office supplies were used ... principle of conservatism is concerned with a the avoidance of overstating assets or income in the preparation of financial statements b the minimization of costs associated with providing financial ... amount of a transaction would a likely affect the judgment of someone relying on the financial statements b not affect the decisions of financial statement users c not impact a business decision of...