16 13. The basic accounting concept that refers to the tendency of accountants to resolve uncertainty in favor of understating assets and revenues and overstating liabilities and expenses is called A. materiality constraint. B. substance over form. C. conservatism constraint D. industry practices constraint. The ownert s equity section is usually divided into what three parts? A. B. C. D. 15. Preferred stock, common stock, treasury stock. Preferred stock, common stock, retained earnings. Capital stock, additional paid-in-capital, retained earnings. Capital stock, appropriated retained earnings, unappropriated retained earnings. Which item below is NOT a current liability?