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The 10 numbered items listed are explanations of specific terms and/or concepts pertain to the conceptual framework of accounting. I answered on the right hand
The 10 numbered items listed are explanations of specific terms and/or concepts pertain to the conceptual framework of accounting. I answered on the right hand colom with letters and terms to the best of my knowledge and now I am looking for a review of my answers if they are correct or not. please help Chapter word References Mailings Review View Help Design Layout Tell me what you want to do . 5....6 An assumption that would be unreasonable to use in reporting B Going concern on a firm that had become insolvent Requires a company to use the same accounting procedures and E Consistency practices through time N Required if the accounting treatment differs from that previously used for a particular item J Materiality 6 An assumption that the life of an entity can be subdivided into G Periodicity time periods for reporting purposes 5 The assumption that economic activity can be measured by a F Money measurement monetary unit such as the dollar 6 None of these C FASB 7 Concerned with relative size of dollar amounts D Expense recognition 8 A common basis for the recording of assets A Historical cost The current body responsible for setting accounting standards in | Full Disclosure the United States Requires separation of personal from business activities in the 10 # Business Entity recording and reporting processes The lettered items below are specific terms or concepts pertaining to the conceptual framework of accounting A Historical cost B Going concern CIFASB D Expense recognition E Consistency F Money measurement G Periodicity H Business entity Full disclosure . IMateriality d
The 10 numbered items listed are explanations of specific terms and/or concepts pertain to the conceptual framework of accounting.
I answered on the right hand colom with letters and terms to the best of my knowledge and now I am looking for a review of my answers if they are correct or not. please help
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