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Research the following concepts and provide a brief description of your understanding of each concept,with an example of how it is applied.Please do not copy
Research the following concepts and provide a brief description of your understanding of each concept,with an example of how it is applied.Please do not copy a definition directly, you must provide an explanation demonstrating comprehension of the meaning of each term:
- The Economic Entity Concept
- Accounting Period Concept
- Going Concern Concept
- The Cost Principle
- Matching Principle
- Revenue Recognition Principle
- Full Disclosure Principle
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