Acct 550 Final Exam Solutions

|1. (TCO A) Listed below are several information, characteristics, and accounting doctrines and assumptions. Match the garner of each with |
|the appropriate phrase that states its application.



|
|(Points : 30)  |

|Potential Matches: |
|1 :  honorarium process completed and realized or realizable |
|2 : Cost of providing financial information versus the benefits derived from its use |
|3 : Accruals and deferrals in adjusting and closing process |
|4 : Business enterprise delusive to have a long life |
|5 :  static dollar assumption |
|6 : Notes as part of required information to a fair presentation |
|7 : Valuing assets at amount originally paid for them |
|8 : The impact of an feature on the overall financial operations of a participation |
|9 : Presentation of error-free information with representational faithfulness |

|     function |
|    [pic] : Historical cost principle |
|    [pic] : Going concern principle |
|    [pic] : Matching principle...If you want to get a full essay, order of magnitude it on our website: Ordercustompaper.com



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