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1.List the 4 basic principles used to record, measure and report transactions. 2.What are the two common bases that are used to record and report

1.List the 4 basic principles used to record, measure and report transactions.

2.What are the two common bases that are used to record and report transactions in financial statements?

3.List the three expense recognition methods.

4.What does the full disclosure principle say about the information provided to f/s users?

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