2. Which of the following is NOT one of the key components of Generally Accepted Accounting Principles? (Finkler, 31)
3. Which of the following is NOT one of the key components of Generally Accepted Accounting Principles. (Finkler, 31)
4. Which of the following is NOT one of the key components of Generally Accepted Accounting Principles? (Finkler, 31)
5. Which of the following is NOT one of the key components of Generally Accepted Accounting Principles? (Finkler, 31)
6. This GAAP principle states that financial statements are prepared based upon the assumption that a firm will remain in business for the foreseeable future: (Finkler, 25-26)
7. This GAAP principle states that when reporting the financial position of the firm, sufficient consideration should be given to the various risks the firm faces: (Finkler, 25-26)
8. This GAAP principle states that expenses should be recorded in the same accounting period as the revenues that they were responsible for generating: (Finkler, 25-26)
9. This GAAP term is used to describe the value of what was given up to acquire an item: (Finkler, 25-26)
10. This GAAP principle states that financial reports should be based on such evidence as reasonable individuals could all agree upon within relatively narrow bounds: (Finkler, 25-26)
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