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Match each of the following basic concepts and principles to the appropriate description. Completeness Timeliness Neutrality Verifiability Materiality Refers to the significance of information to

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Match each of the following basic concepts and principles to the appropriate description. Completeness Timeliness Neutrality Verifiability Materiality Refers to the significance of information to users decisions Choose + Documentation that supports financial information being reported on Choose 9 Choose Financial information should be received before it is no longer able to influence decisions Financial statements contain all information regarding transactions or events related to the reporting period Choose Concept that financial information is free from bias Choose The balance sheet is a permanent record used to: Select one: a. record expenses to be paid in the future b. record cash sales and assets c record assets d liabilities d. record revenues and expenses

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