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-15 E Match each item with a description below. 1. Going Concern Assumption Monetary Unit Assumption 2. Full Disclosure Principle 3. Periodicity Assumption 4,
-15 E Match each item with a description below. 1. Going Concern Assumption Monetary Unit Assumption 2. Full Disclosure Principle 3. Periodicity Assumption 4, Comparability Cost Constraint Relevance Faithful Representation Historical Cost Principle Materiality 5. Consistency Economic Entity Assumption 6. 7. 8. 9. Items not easily quantified in dollar terms are not reported in the financial statements. Accounting information must be complete, neutral, and free from error. Personal transactions are not mixed with the company's transactions. The cost to provide information should be weighed against the benefit that users will gain from having the information available. A company's use of the same accounting principles from year to year. Assets are recorded and reported at original purchase price, Accounting information should help users predict future events, and should confirm or correct prior expectations. The life of a business can be divided into artificial segments of time. The reporting of all information that would make a difference to financial statement
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