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Amos Company uses accrual accounting and issues monthly financial statements. On October 1, 2020, the company pays $100 cash for new office supplies. If Amos
Amos Company uses accrual accounting and issues monthly financial statements. On October 1, 2020, the company pays $100 cash for new office supplies. If Amos records an increase in "Supplies Expense" on October 1, 2020, the company has
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complied with the economic entity assumption.
violated the expense recognition principle.
violated the cost principle.
complied with the expense recognition principle
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