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Explain the five accounting principles and give an example. Principle 1: Cash Flow Is What Matters Principle 2: Money Has a Time Value Principle 3:
Explain the five accounting principles and give an example.
Principle 1:
Cash Flow Is What Matters
Principle 2:
Money Has a Time Value
Principle 3:
Risk Requires a Reward
Principle 4: Market Prices Are Generally Right
Principle 5:
Conflicts of Interest Cause Agency Problems
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