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According to the conceptual framework, verifiability implies: Multiple Choice O O O Legal evidence. Consensus. Legal verdict. Logic. Owners' equity can be expressed as assets minus liabilities. True or False True False Materiality can be affected by the dollar amount of an item, the nature of the item, or both. True or False True False An example of a contra account is: Multiple Choice OO Depreciation expense. Sales revenue. Accumulated depreciation. Accounts receivable. $ Save & Exit