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Each year there was an increase in the market value of some stock owned by the Mudstream Company, but the accountant did not record the
Each year there was an increase in the market value of some stock owned by the Mudstream Company, but the accountant did not record the increase in asset value and equity until the stock was sold. In this situation, the accountant (Points : 5) followed the matching principle. followed the realization principle. violated the accrual principle. violated the matching principle
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