In order for a transaction to be recorded in a business' accounting records, the effects of the

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In order for a transaction to be recorded in a business' accounting records, the effects of the transaction must be faith fully represented. What is faithful representation, and why is it important?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 02:28 AM

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In order for a transaction to be recorded in a business' accounting records, the effects of the

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Faithful representation refers to information faithfully representing the economic eve...View the full answer

Cornerstones of Financial and Managerial Accounting

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