Which characteristics is applicable for financial statements when provision is made for all known expenses and losses,

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Which characteristics is applicable for financial statements when provision is made for all known expenses and losses, whether the amount is known for certain or just an estimate?

prudence,

relevance,

reliability,

completeness

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Dec 27, 2023 02:18 AM

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Which characteristics is applicable for financial statements when provision is made for all known expenses and losses,

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Financial Accounting and Reporting a Global Perspective

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