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Accounting
you just need to say the options. Thank you if you reply in 25 minutes. no solution is needed.
The idea of consistency does not mean that companies cannot switch from one accounting method to another.
Select one: True False
Financial statements are the principal means through which financial information is communicated to those outside an enterprise.
Select one: True False
)In 2019, Milford Corporation determined that it overstated salaries payable and salaries expense by $20,000 in 2018. In 2019, which of the following accounts will have to be credited to correct this error?
Select one: profit or loss for the period retained earnings salaries and wages expense salaries and wages payable
Net realizable value is
Select one: selling price. selling price minus estimated costs to complete and make a sale. selling price plus estimated costs to complete and make a sale. fair value plus estimated costs to complete and make a sale.
One assumption made by the IASB conceptual framework is that the reporting entity is a going concern.
Select one: True False
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