Miladys Ramos_AC501_Unit 1 Assignment - Exercise 2.7 E2-7(Assumptions Principles and Constraints Presented below are the assumptions principles and

Miladys Ramos_AC501_Unit 1 Assignment - Exercise 2.7...

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Exercise 2.7E2-7 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter. a) Matching Principle b) Historical Cost principle c) Full disclosure principle d) Going concern assumption e) Conservatism f) Economic entity assumption g) Periodicity assumption h) Industry practices i) Materiality j) Monetary unit assumption
Exercise 2-8E2-8 (Assumptions, Principles, and Constraints) Presented below are a nuber of operational guidelines and practices that have developed over time. a) Historical cost principlea) Historical cost principle b) Conservatismb) Conservatism c) Full disclosure principlec) Full disclosure principle d) Matching principled) Matching principle e) Materialitye) Materiality f) Industry practicesf) Industry practices g) Economic entity assumptionsg) Economic entity assumptions h) Full disclosure principleh) Full disclosure principle i) Revenue recognition principlei) Revenue recognition principle j) Full disclosure principlej)

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