Fiu accounting entrance Study guides, Class notes & Summaries
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FIU Accounting Entrance Exam Questions and Answers Latest 2024/2025 Updated Solved&Verified 100%
FIU Accounting Entrance Exam | With complete solution 20242/5
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FIU Accounting Entrance UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 16 pages • 2024
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Assets - Liabilities - Equity = _____ - 0 
Original Value of an asset - Cost basis 
Business will continue to operate in the near future - Going Concern Principle 
we report in the stable monetary currency of the country - Monetary Unit Assumption 
owner's actions are different than the business and kept separate - Economic Entity 
Assumption
![FIU Accounting Entrance UPDATED Exam Questions and CORRECT Answers](/docpics/5566990/66628b6ba2219_5566990_121_171.jpeg)
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FIU Accounting Entrance UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 16 pages • 2024
-
- $8.99
- + learn more
Assets - Liabilities - Equity = _____ - 0 
Original Value of an asset - Cost basis 
Business will continue to operate in the near future - Going Concern Principle 
we report in the stable monetary currency of the country - Monetary Unit Assumption 
owner's actions are different than the business and kept separate - Economic Entity 
Assumption 
you can divide the company into periods or quarters - Accounting Period Assumption
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