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Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or (c) constraint. ______ 1. Conservatism ______ 2. Expense Recognition

Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or (c) constraint.

______ 1. Conservatism

______ 2. Expense Recognition

______ 3. Monetary Unit

______ 4. Going Concern

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