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A. Please define the Concept of Conservastism 100 words Please B. Please explain why the concept of conservatism important to the financial statement. In 150

A. Please define the Concept of Conservastism
100 words Please
B. Please explain why the concept of conservatism important to the financial statement.

In 150 words please!

In a minimum of 100 words, please define the concept of Conservatism (5%) In a minimum of 150 words, please explain why the concept of Conservatism is important to external users of the financial statement

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