Unformatted text preview: (l) is “comprehensive income” EXERCISE 2-5 (b) Conservatism – Lower of cost or market is something we will learn about in a later chapter. (e) Materiality (h) Full disclosure principle (k) Revenue and expense recognition principles (l) Economic entity assumption (p) Historical cost principle – we’ll cover goodwill in a later chapter. 3-1...
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This note was uploaded on 11/22/2010 for the course ACCT 320 taught by Professor Alee during the Spring '10 term at Kansas State University.
- Spring '10