Question: Answer the following two questions: Provide two examples to illustrate how the matching convention (also known as the accruals convention) manifests in the income statement.

 Answer the following two questions: Provide two examples to illustrate how

Answer the following two questions: Provide two examples to illustrate how the matching convention (also known as the accruals convention) manifests in the income statement. ii) Provide two samples to illustrate how the prudence convention applies to the statement of financial position and/or the income statement. Your examples should NOT be with specific reference to Question 1 above

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