Concept – Asset / Liability Principle

Financial Accounting and Intermediate Accounting

Spiceland, Nelson, and Thomas and Spiceland, Thomas, and Herrman

05th Edition, 06th Edition, and 10th Edition

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What is the principle that states that asset and liability measurements should be based on the amount given or received in the original transaction. This is known as what principle

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  • Search Terms: (enter amount and as asset based be blank.) given in is liability measurements on one or original per principle principle. received referred should stating that the to transaction word
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