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the qualitative characteristic accounting assumption, principle, or constraint that is most applicable in the following cases . 1 Al payments less than $ 2 5
the qualitative characteristic accounting assumption, principle, or constraint that is most applicable in the following cases Al payments less than $ are expensed as incurred The company employs the same inventory valuation method from period to period A patent is capitalized and amortized over the periods benefted Assuming that dollars today will buy as much as ten years ago Rent paid in advance is recorded as prepaid rent Financial statements are prepared each year Al significant postbalance sheet events are reported.& Personal transactions of the proprietor are distinguished from
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