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Match the Letter of Each Principle or Assumption or Qualitative

Question 82

Multiple Choice

Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-The assumption that the entity being accounted for will remain in business for an indefinite period of time.


A) Business entity
B) Going concern
C) Time period
D) Monetary unit
E) Historical cost
F) Conservatism
G) Realization
H) Consistency
I) Full disclosure
J) Verifiability
K) Materiality
L) Industry practices

Correct Answer:

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