Accounting Chapter 9
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1.2 Identify Users Of Accounting Information And How They.
Web 1.1 explain the importance of accounting and distinguish between financial and managerial accounting; The matching principle states that expenses must be matched to revenues in the period in which they were incurred. When the replacement cost of an item exceeds its net realizable value a the company uses replacement cost as the. Cost of merchandise the price a business pays.
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