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    Accounting principles: assumption, principle and constraints

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    I have identified the definitions, 3 of them I could not identify. I need some one to correct me (see attachment for complete set of questions).

    Questions (also attached)

    1. Identify by the number, the accounting assumption, principle, or constraint that describes each situation attached.

    2. For each transaction, indicate whether it would normally be ... (see attached)

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    a) Requires recognition of expenses in the same period as related revenues. 6. Matching principle
    b) Indicates that market value changes subsequent to purchase are not recorded in the ...

    Solution Summary

    This solution helps with a problem involving accounting principles.