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Develop the following definitions: 1. Debt financing 2. Recognition criteria 3. Drawings 4. Prudence 5. Expense recognition 6. Liability 7. Depreciation expenses 8. qualitative characteristics

Develop the following definitions:

1. Debt financing

2. Recognition criteria

3. Drawings

4. Prudence

5. Expense recognition

6. Liability

7. Depreciation expenses

8. qualitative characteristics of financial information

9. materiality

10. income recognition provision

write your answers in essay format up to 500 words.

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