Question: Using at least one outside source choose one assumption or one principle and teach your fellow classmates about this assumption or principle. You must explain

Using at least one outside source choose one assumption or one principle and teach your fellow classmates about this assumption or principle.
You must explain the assumption or principle in detail and explain how it is reflected in the elements of the financial statements.
How is the assumption or principle connected to the qualitative characteristics described in the conceptual framework?

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