Question: DO IT 2 . 3 ! ( LO 3 ) , K The following characteristics, assumptions, principles, and constraints guide the FASB when it creates

DO IT 2.3!(LO 3), K The following characteristics, assumptions, principles, and constraints guide the FASB when it creates accounting standards.
Relevance Periodicity assumption
Faithful representation, Going concern assumption
Comparability Historical cost principle
Consistency Full disclosure principle
Monetary Unit assumption
Economic entity assumption

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