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1 poin QUESTION 39 Under U.S. GAAP, a firm should use the same accounting principles from one accounting period to the next. What principle, concept,
1 poin QUESTION 39 Under U.S. GAAP, a firm should use the same accounting principles from one accounting period to the next. What principle, concept, or assumption is most applicable in this case? a. Going concem assumption. b. Materiality concept Oc Consistency principle Od Cost principle. QUESTION 40 1 points Under U.S. GAAP, Accounting methods used result in the recording of losses that are probable and reasonably estimable. What principle, concept, or assumption is most applicable in this case? a. Conservatism concept. b. Cost principle. Stable monetary unit assumption d. Objectivity principle
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