The concept that determines when expenses are recognized is called\ is the process of determining the amount that should be recognized.\ The recognition principle requires that companies record in the accor\ The amount an asset could be sold for in the market is called\ occurs when companies use the same accounting principles and methods from year to year.\ Faithful representation requires that information be complete, , and free from error.\ The amount referred to when a transaction is measured at the amount of cash that was paid or at the value exchanged is called\ The requires that the personal activities of an owner and the business activities of their company a\ The assumption is one of the most important in GAAP and assumes that the reporting entity will cc

1. The concept that determines when expenses are recognized is called 2. is the process of determining the amount that should be recognized. 3. The recognition principle requires that companies record in the accor 4. The amount an asset could be sold for in the market is called 5. occurs when companies use the same accounting principles and methods from year to year. 6. Faithful representation requires that information be complete, , and free from error. 7. The amount referred to when a transaction is measured at the amount of cash that was paid or at the value exchanged is called 8. The requires that the personal activities of an owner and the business activities of their company a 9. The assumption is one of the most important in GAAP and assumes that the reporting entity will cc