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Answer following multiple choice questions by selecting the most appropriate answer! 17 pts] 1. Identify the G.A.A.P. principle from the list below being used in
Answer following multiple choice questions by selecting the most appropriate answer! 17 pts] 1. Identify the G.A.A.P. principle from the list below being used in each example a. You collect every receipt from all your transactions b. You must record expenses in the period they occurred c. Maria indicated on her statements that she was closing the business down d. A customer gave you money for a service you will do next week...You do not record this as revenue e. I record the $5 I paid for the item; even though the item is worth $100 f. Mr. Wolf does not adjust his cash balance for exchange rates fluctuations g. The owner keeps her personal accounting records separate from the business's Revenue Recognition Matching Cost Objectivity Exchange Rate/Monetary Unit Ongoing-Business Business-Entity (economic entity)
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