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Which enhancing quality best describes the business scenario below? Target Corporation issues its quarterly (10Q) report immediately after each quarter ends. Home Depot has used

  1. Which enhancing quality best describes the business scenario below?
  • Target Corporation issues its quarterly (10Q) report immediately after each quarter ends.

  • Home Depot has used straight-line depreciation since it began operations

  • General Mills and Kelloggs both use the FIFO cost flow assumption

  • Ford Motor Companys annual reports are audited by certified public accountants.

  1. The cost constraint guides accountants in determining the proper recognition, measurement, and disclosure of business transactions. Briefly describe what is meant by cost constraint.

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