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pleaseee!!!! urgent I will like Give the assumption or principle that would have been violated if the following entries or information had not been given:
pleaseee!!!! urgent I will like
Give the assumption or principle that would have been violated if the following entries or information had not been given: 1. An expense incurred in the accounting period but not paid until the next FY is not adjusted in the current accounting period because it is a small amount. 2. An Adjustment is made for payroll expense at the EFY eventhough it had not been paid: 3. Changing the method of recognizing depreciation is not allowed from one accounting period to another. 4. When reporting publicly operations from foreign operations the results must be converted into U.S. currency. 5. The asset, liabilities, and owners equity is adjusted at the end of the year to their current values because the auditors believe the company is in financial difficulty and may not be able to survive. 6. A pending lawsuit is noted in the footnotes to the Financial Statements Step by Step Solution
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