Principles of Accounting
Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Chapter 5, Problem 1C
To determine

Explain about the relevance of the accounting concepts of consistency, full disclosure, and materiality to the decision of recording the monthly parking revenues on an accrual basis.

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