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How are the concepts of relevance and materiality related

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Reference no: EM131739456

Question: Explain the concepts of

(a) relevance and

(b) materiality.

(c) How are the concepts of relevance and materiality related?

(d) historical cost and

(e) going concern.

(f) How does the going concern concept justify the use of historical cost?

Reference no: EM131739456

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