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QUESTION 3 A . List TWO ( 2 ) accounting assumption that underlie the Conceptual Framework and briefly explain the assumptions. B . Briefly explain

QUESTION

3

.

List TWO

(2)

accounting assumption that underlie the Conceptual Framework and

briefly explain the assumptions.

.

Briefly explain each of these concepts.

Predictive value

Conformity value

Materiality

Completeness

Neutrality

Free from error

Prudence

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