Question: choosing from a. Going concern or continuity b. Monetary unit c. Conservatism d. Matching e. Full disclosure f. Materiality g. Transaction approach h. Accrual basis

choosing from a. Going concern or continuity b. Monetary unit c. Conservatism d. Matching e. Full disclosure f. Materiality g. Transaction approach h. Accrual basis i. Industry practices j. Verifiability k. Consistency l. Realization m. Historical cost n. Time period o. Business entity which is correct 5. This concept deals with when to recognize the costs that are associated with the recognized revenue

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