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TIF 1-2 (book/static) 3 Question Help Match the accounting terminology to the definitions. (Click the...

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Accounting

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TIF 1-2 (book/static) 3 Question Help Match the accounting terminology to the definitions. (Click the icon to view the definitions.) Begin with the accounting terms numbered 7 through 11, then cor - X Definitions Definition Accounting Term 7. Cost principle 8. GAAP 9. Faithful representation a. b. 10. SEC c. 11. FASB d. e. oversees the creation and governance of accounting standards in the United States requires an organization to be a separate economic unit oversees U.S. financial markets states that acquired assets and services should be recorded at their actual cost creates International Financial Reporting Standards the main U.S. accounting rule book assumes that an entity will remain in operation for the foreseeable future assumes that items on the financial statements are recorded in a monetary unit requires information to be complete, neutral, and free from material error f. g. h. i. Print Done

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