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Presented on the left side are a number of business transactions that occurred during the current year of your company. In each of these situations,

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Presented on the left side are a number of business transactions that occurred during the current year of your company. In each of these situations, indicate which accounting principle (from the right side) is being violated, if any. You can use an accounting principle or assumption more than once, if applicable. A company has been concerned about whether its plant assets could generate any cash in case of liquidation. As a consequence, the company is writing down the values of its plant assets. A company decided to report its financial statements only once in three years because it was not convenient to prepare them every year. There was a fire on January 1, 2016 that destroyed the main factory building of a company. When the company released its 2015 balance sheet on February 28, 2016, the above information was not disclosed because it was not related to

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