Test Bank For Intermediate Accounting, 11th Edition by David Spiceland, Mark Nelson, Wayne Thomas, Jennifer
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Course
Intermediate Accounting, 11th Edition
Institution
Intermediate Accounting, 11th Edition
Test Bank For Intermediate Accounting, 11th Edition by David Spiceland, Mark Nelson, Wayne Thomas, Jennifer
Test Bank For Intermediate Accounting, 11th Edition by David Spiceland, Mark Nelson, Wayne Thomas, Jennifer
Test Bank For Intermediate Accounting, 11th Edition by David Spiceland, Mark Nels...
3)
TERM PHRASE Term
znumberzthat
zmatcheszthe
zphrase.
1. Neutrality Important zin zanalysis zbetween 2
firms.
2. Comparability Accounting zinformation zshould 1
be zunbiased.
3. Consistency The zdecision zto zinclude zan 5
amount zin zthe
zfinancialz
statements.
4. Cost-effectiveness z Applying zthe zsame zaccounting 3
practices zover ztime.
5. Recognition Considers zthe zvalue zof zusing 4
information zrelative zto zcost
zofz
providing zit.
4)
TERM PHRASE Term
znumberz
that
zmatchesz
the
zphrase.
1. Monetary Implies zconsensus zamong 2
zunitz
assumption different zobservers.
2. Verifiability Assumes zall ztransactions zcan zbe 3
identified zwith za
zparticularzentity.
3. Economic Assumes zan zentity zwill zcontinue 4
zentityz
assumption to zoperate zindefinitely.
4. Going Requires zreporting zthe 5
zconcernzassumpti financial zlife zof zan zentity
on zinz
discrete ztime zframes.
Ignores zthe zpossibility zof 1
5. Periodicityz inflation.
assumption
5)
TERM PHRASE Term znumber
Version 3
z1
, that
zmatches
the zphrase.
1. zHistorical cost Basis zof zmeasurement zfor 1
zfixed
Version 4
z1
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