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Accounting Principles


Question 5: Correctly state the letter or letters of the principle(s), assumption(s), or concept(s) used to justify the accounting procedure followed for at least four or five of the accounting procedures. These procedures are all correct. Principle(s), assumption(s), concept(s): A. Business entity. B. Conservatism. C. Earning principle of revenue recognition. D. Going concern (continuity). E. Exchange-price (cost) principle. F. Matching principle. G. Period cost (or principle of immediate recognition of expense). H. Realization principle. I. Stable dollar assumption.