a. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
Matching principle is where expenses are said to be reported accordingly within a certain period.
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Answer:
d. All of these are major characteristics of a plant asset.
Explanation:
The total assets comprise of current assets, fixed assets, and the intangible assets
The current assets include cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
The fixed assets have the physical substance plus it is acquired for use only and it provides the services to the number of years.
I think it would be A speculative risk
D. All of the above
Omitting I, me, and my will make the resume more effective.
