This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: (b) 5. Historical cost principle. (c) 8. Full disclosure principle. (d) 2. Going concern assumption. (e) 12. Conservatism. (f) 1. Economic entity assumption. (g) 4. Periodicity assumption. (h) 11. Industry practices. (i) 10. Materiality. (j) 3. Monetary unit assumption. EXERCISE 2-5 (20–25 minutes) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) Historical cost principle. Conservatism. Full disclosure principle. Expense recognition principle. Materiality. Industry practices or fair value principle. Economic entity assumption. Full disclosure principle. Revenue recognition principle. Full disclosure principle. (k) Revenue and expense recognition principles. (l) Economic entity assumption. (m) Periodicity assumption. (n) Expense recognition principle. (o) Materiality. (p) Historical cost principle. (q) Conservatism. (r) Expense recognition principle....
View Full Document
This note was uploaded on 11/04/2009 for the course ACCTG 411 taught by Professor Gillick during the Spring '09 term at University of Washington.
- Spring '09