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TRUE OR FALSE: ___ The principle of recognition of income activates the principle of Consistency, which is necessary to determine the measure of performance. ___
TRUE OR FALSE: ___ The principle of recognition of income activates the principle of Consistency, which is necessary to determine the measure of performance.
___ Inflation changes the purchasing power of monetary units, if inflation is material, the stable dollar hypothesis is valid.
___ A cash deposit at a bank or similar financial institution is a financial liability because it represents, for the depositor, a contractual right to obtain cash from the entity, to write a check against the balance of the same in favor of a creditor in payment of an asset financial.
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