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Could you please help me correct the answers in red? Thank you. Brief Exercise 2-1 2 Your answer is partially correct. Try again. What accounting

Could you please help me correct the answers in red? Thank you. image text in transcribed
Brief Exercise 2-1 2 Your answer is partially correct. Try again. What accounting assumption, principle, or constraint would Target Corporation use in each of the situations below? (a) Target was involved in litigation over the last year. This litigation is disclosed in the financial statements. Periodicity (b) Target allocates the cost of its depreciable assets over the life it expects to receive revenue from these assets. Full Disclosure (c) Target records the purchase of a new Dell PC at its cash Historical Cost equivalent price

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