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13. Which principle is an accounting concept that requires the numbers on the financial statements be based on actual expenses from business transactions incurred during
13. Which principle is an accounting concept that requires the numbers on the financial statements be based on actual expenses from business transactions incurred during the period. For example one would use this principle to price their inventory. (1 Point) O Revenue principle Matching Principle Full Disclosure Principle Cost Principle 14. Which principle is an accounting concept that requires the expenses to be recognized when they help earn the revenue within a given period. (1 Point) O Revenue principle Matching Principle Full Disclosure Principle Cost Principle 14. Which principle is an accounting concept that requires the expenses to be recognized when they help earn the revenue within a given period. (1 Point) Revenue principle Matching Principle Full Disclosure Principle Cost Principle 15. Inventory should be shown on the balance sheet at the higher of cost or market. (1 Point) true false
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