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which accounting principle is violated? a)The Accounting Entity Principle b)The Going Concern Principle c)The Monetary Principle dThe Historical Cost Principle e)The Matching Principle f)The Materiality
which accounting principle is violated?
a)The Accounting Entity Principle
b)The Going Concern Principle
c)The Monetary Principle
dThe Historical Cost Principle
e)The Matching Principle
f)The Materiality Principle
g)The Objectivity Principle
h)ETHICS AND FINANCIAL PROBITY
Question 9:Accounting Principles the following Identify the accounting concept or principle that is violated in each of a) situations. household The owner of a bistro used the business bank account to pay her family's expenses, making no note that the expenses were personal b) Arestaurant that purchased the land s building in 2002 for $5ooooo reports the asse at its current market value of s950,ooo. orical cost principle c) Acocktail bar records its depreciation expense during years when profit is high but fai to record depreciation expense when profit is low. Revenues are relatively constant. Mutching principle 5 l P aStep by Step Solution
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