Which of the following sets includes only accounting assumptions and conventions? a. timeliness, prudence, historical cost, and neutrality b. matching, comparability, period of timem and reliability c. monetary unit, going concern, relevance, and materiality d. monetary unit, entity, going concern, and realization-recognitio

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
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Which of the following sets includes only accounting assumptions and conventions?

a. timeliness, prudence, historical cost, and neutrality

b. matching, comparability, period of timem and reliability

c. monetary unit, going concern, relevance, and materiality

d. monetary unit, entity, going concern, and realization-recognition

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