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QUESTION 1 A. In a minimum of 100 words, please define the concept of Conservatism B. In a minimum of 150 words, please explain why

QUESTION 1

A. In a minimum of 100 words, please define the concept of Conservatism

B. In a minimum of 150 words, please explain why the concept of Conservatism is important to external users of the financial statement

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