Often this involves companies that are regulated by the federal government, such as banks, utilities, investment firms, and insurance companies.Ĥ) The matching principle requires that expenses be matched with the related _ reported on the income statement.ĥ) Conservatism is often associated with this rule for inventory valuation. The ARBs remain a source of accounting principles unless superseded by the APB or FASB.ģ) _ practices or peculiarities allow for modifications of accounting principles. Out of this came the FASB Statements of Financial Accounting Concepts.Ģ) Accounting Research _ were issued between 19. Sample Accounting Principles Questionsġ) The Conceptual _ was a discussion memorandum issued by the FASB in the 1970s. If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory to Accounting Principles.
#BASIC ACCOUNTING PRINCIPLES CROSSWORD ANSWERS FREE#
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