Identify the accounting assumption, accounting principle, or reporting constraint that mos appropriately justifies these procedures and practices. Use only one item per description. Choices: a. Full disclosure principle b. Time period assumption c. Materiality constraint d. Cost principle e. Revenue recognition principle f. Conservatism constraint g. Matching principle h. Economic entity assumption i. Monetary unit j. Going concern k. some other answer
Identify the accounting assumption, accounting principle, or reporting constraint that mos appropriately justifies these procedures and practices. Use only one item per description. Choices: a. Full disclosure principle b. Time period assumption c. Materiality constraint d. Cost principle e. Revenue recognition principle f. Conservatism constraint g. Matching principle h. Economic entity assumption i. Monetary unit j. Going concern k. some other answer
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 2MC: Which of the following is considered a constraint on useful information by Statement of Financial...
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