Question: .Which accounting concept requires preparers to base their data on event documentation such as invoices and contracts instead of estimating? a. accounting period e. full

 .Which accounting concept requires preparers to base their data on event

documentation such as invoices and contracts instead of estimating? a. accounting period

.Which accounting concept requires preparers to base their data on event documentation such as invoices and contracts instead of estimating? a. accounting period e. full disclosure b. accounting entity 1'. conservatism c. going concern 9. consistency d. objectivity h. materiality .Which accounting concept deals with the expense of a Doctor's home and commute to the hospital? a. accounting period e. ll] disclosure b. accounting entity 1'. conservatism c. going concern 9. consistency d. objectivity h. matEria/iq/ .Which accounting concept allows the purchase of small tools, which may be used for several years, to be expensed in one year, rather than over several years? a. accounting period e. full disclosure b. accounting entity f. conservatism 0. going concern 9. consistency d. objectivity h. materiaiig/ '.Which of the following is part of Accrual Accounting? a. Net income and cash ow will always be equal, b. Revenues are recognized when paid, c. Expenses are recognized when paid d. Revenue is recognized when a service is rendered, rather than when the payment is actually received, e. All of the above are part of Accrual Accounting

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