Acct 3366 accounting ch1 Guías de estudio, Notas de estudios & Resúmenes

ACCT 3366 Accounting Ch1 Expense recognition - correct answerrecord expenses in the period the related revenue is recognized Periodicity assumption - correct answerthe life of an enterprise can be divided into artificial time periods Historical cost principle - correct answerthe original transaction value upon acquisition Materiality - correct answerConcerns the relative size of an item and its effect on decisions revenue recognition - correct answercriteria usually satisfied fo...