Chapter 2 Sol - Chapter 2 EXERCISE 2-1 (a) Feedback Value....

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Chapter 2 EXERCISE 2-1 (a) Feedback Value. (f) Relevance and Reliability. (b) Cost/Benefit and Materiality. (g) Timeliness. (c) Neutrality. (h) Relevance. (d) Consistency. (i) Comparability. (e) Neutrality. (j) Verifiability. EXERCISE 2-2 (a) Comparability. (f) Relevance. (b) Feedback Value. (g) Comparability and Consistency. (c) Consistency. (h) Reliability. (d) Neutrality. (i) Relevance and Reliability. (e) Verifiability. (j) Timeliness. EXERCISE 2-3 (a) Gains, losses. (b) Liabilities. (c) Investment by owners, comprehensive income (also possible would be revenues and gains). (d) Distribution to owners. (Note to instructor: net effect is to reduce equity and assets). (e) Comprehensive income (also possible would be revenues and gains). (f) Assets. (g) Comprehensive income. (h) Revenues, expenses. (i) Equity. (j) Revenues. (k) Distributions to owners. (l) Comprehensive income. 1
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EXERCISE 2-4 (a) 6. Matching principle. (b)
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This note was uploaded on 09/12/2009 for the course ACCT 0301311 taught by Professor Mostafa during the Spring '09 term at Abu Dhabi University.

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Chapter 2 Sol - Chapter 2 EXERCISE 2-1 (a) Feedback Value....

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