P7-3A Presented below are the assumptions, principles, and constraints used in this chapter. 1. Economic entity assumption
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P7-3A Presented below are the assumptions, principles, and constraints used in this chapter.
1. Economic entity assumption 2. Going concern assumption 3. Monetary unit assumption 4. Time period assumption 5. Full disclosure principle 6. Revenue recognition principle 7. Matching principle 8. Cost principle 9. Materiality 10. Conservatism Identify by number the accounting assumption, principle, or constraint that matches each deĀ¬
scription below. Do not use a number more than once.
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Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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