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1. Discuss each of the following considerations which must be applied in the presentation of the financial statements. Explain your answer. a) Going Concern b)

1. Discuss each of the following considerations which must be applied in the presentation of the financial statements. Explain your answer.

a) Going Concern

b) Accrual basis of accounting

c) Consistency of Presentation

d) Materiality and aggregation

e) Offsetting

f) Frequency of reporting

g) Comparative Information

Please provide relevant answers as this is my home work exam.

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