atio X W Blog Post 2 - Gianna x Ch 2: End-of-Chapter X NWP Assessment Play X G current assets - Googl X ID PAI om/was/ui/v2/assessment-player/index.html?launchid-5d8b3e69-a53a-43b-9298-bf06bc786e0c#/question/2 Ohio woman ta freeformanow.com and the reason 3 of 6 - / 1 ttempt in Progress each item (characteristics, assumptions, principles, and constraint guide the FASB when it creates accounting standards) with ption below. 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. 3 9. 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 The judgment concerning whether an item's size makes it likely to influence a users 10 decision-maker 11. Assumes a business will remain in operation for the foreseeable future. 12 Different companies use the same accounting principles. eTextbook and Media % & * 4 8 atio X W Blog Post 2 - Gianna x Ch 2: End-of-Chapter X NWP Assessment Play X G current assets - Googl X ID PAI om/was/ui/v2/assessment-player/index.html?launchid-5d8b3e69-a53a-43b-9298-bf06bc786e0c#/question/2 Ohio woman ta freeformanow.com and the reason 3 of 6 - / 1 ttempt in Progress each item (characteristics, assumptions, principles, and constraint guide the FASB when it creates accounting standards) with ption below. 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. 3 9. 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 The judgment concerning whether an item's size makes it likely to influence a users 10 decision-maker 11. Assumes a business will remain in operation for the foreseeable future. 12 Different companies use the same accounting principles. eTextbook and Media % & * 4 8
