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SECTIONI Matching elect the term which best describes the following: 1. To classify and record transactions A. AICPA -2. The concept of providing results that
SECTIONI Matching elect the term which best describes the following: 1. To classify and record transactions A. AICPA -2. The concept of providing results that would be substantially duplicated by others using the same measurement methods. B. Journalize General Ledger D. Exposure Draft E. Discussion Memorandum F. Comparability G. APB H. Real/Permanent I. FASEB . Verifiability K. Cost Principle L. Nominal/Temporary 3. Name given to an Income Statement Account 4. The concept or accounting characteristic that users can trust the financial information as reported by a business. Name given to a Balance Sheet account 5. 6. The method by which expenses for a period are determined by direct association with specific revenues during a particular accounting period. 7. The organization currently authorized to establish J generally accepted accounting principles. 8. Summarizes the effect of transactions for all accounts. 9. Issued by the FASB just prior to issuing a formalM. Reliability statement. N. Matching/cost recognitic 0. The professional organization of accountants which establishes and enforces rules for professional conduct
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