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Knowledge Check 0 1 Identify the correct principle for each of the following activities using the drop - down list. table [ [ Princigle
Knowledge Check Identify the correct principle for each of the following activities using the dropdown list. tablePrincigleActivitiesA company records the expenses incurred to generate the revenue reported.,Fulldisclosure principleRevenue is recognized when goods are provided to the customer at the amount expected to be received.,Revenue recognition principleA company reports the details behind financial statements that would impact user's decisions.,Expense recognition principleAccounting information is based on actual cost.,Measurement principle
Knowledge Check
Identify the correct principle for each of the following activities using the dropdown list.
tablePrincigleActivitiesA company records the expenses incurred to generate the revenue reported.,Fulldisclosure principleRevenue is recognized when goods are provided to the customer at the amount expected to be received.,Revenue recognition principleA company reports the details behind financial statements that would impact user's decisions.,Expense recognition principleAccounting information is based on actual cost.,Measurement principle
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