Question: Listen Exercise 1 - 9 Number 1 Expense Recognition - d . Record expenses in the period the related. revenue is recognized. Number 2 -
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Exercise
Number Expense Recognition d Record expenses in the period the related. revenue is recognized.
Number Periodicity g The life of an enterprise can be divided into artificial time periods.
Number Historical Cost Principle e The original transaction value upon acquisition.
Number Materiality i Concerns the relative size of an item and its effect on decisions.
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