E1-8, E1-10 & E1-15 (1)

E1-8, E1-10 & E1-15 (1) - 3 The matching...

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Accounting 340 Homework Solutions – Spiceland 6 th Edition Exercise 1-8 1. Materiality 2. Neutrality 3. Consistency 4. Timeliness 5. Predictive value, feedback value and timeliness 6. Representational faithfulness 7. Comparability 8. Cost effectiveness Exercise 1-10 1. The economic entity assumption 2. The periodicity assumption
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Unformatted text preview: 3. The matching principle (also the going concern assumption) 4. The historical cost (original transaction value) principle 5. The realization (revenue recognition) principle 6. The going concern assumption 7. Materiality Exercise 1-15 1. b 2. d 3. c 4. d 5. b 6. b...
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