Question: Entity E periormed testing services for a cash customer in August 2024 and received payment in August, Entity E will record the expenses associated with

Entity E periormed testing services for a cash customer in August 2024 and received payment in August, Entity E will record the expenses associated with the the testing services in August 2024, even though those expenses will not be paid pintil September and October of 2024 . This is an example of: economic entity assumption the cost constraint relevance the expense recognition principle

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