Question
what is the correct terms for those defination? 1- financial reports should provide intamanion that is of sufficient importance to influence the Judgment and decisions
what is the correct terms for those defination?
1- financial reports should provide intamanion that is of sufficient importance to influence the Judgment and decisions of an informed user
2- Decreases in net assets due to payment to owners.
3-The entity is assumed for accounting purposes to continue will have a long life.
5- Financial information that has value as in assisting investors to Torm their own realistic expectations about the future.
6- The market value of what is given up provides reliable evidence of the cost of the item acquired.
7- The Calendar constraint, sccounting measures and reports on the economic elements of the entry for a series of short time periods (such as a year)
8-Revenues are recognized then the expenses incurred in generating that revenue should be determined.
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