a. States that the business will remain in operation for the foreseeable future |
b. States that the life of a business can be divided into artificial time periods and that useful reports covering those periods can be prepared for the business |
c. Requires that only those things that can be expressed in money are included in the accounting records |
d. Requires that companies disclose all circumstances and events that would make a differnce to financial statement users. |
e. States that very entity can be separately identifed and accounting for. |
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