Question: Answer all, thanks DO IT! 2-3 The following characteristics, assumptions, principles, and constraint guide Identifi fi accounting nancial concepts and principles. the FASB when it

Answer all, thanks Answer all, thanks DO IT! 2-3 The following characteristics, assumptions, principles,

and constraint guide Identifi fi accounting nancial concepts and principles. the FASB

DO IT! 2-3 The following characteristics, assumptions, principles, and constraint guide Identifi fi accounting nancial concepts and principles. the FASB when it creates accounting standards. (LO 3, K Periodicity assumption Relevance Going concern assumption Faithful representation Historical cost principle Comparability Full disclosure principle Consistency Monetary unit assumption Materiality Cost constraint Economic entity assumption

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