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Which accounting concepts states

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Problem 1: Which of the following accounting concepts states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified individuals to arrive at essentially similar conclusion?

Option 1: Matching

Option 2: Objectivity

Option 3: Stable monetary unit

Option 4: Periodicity

Problem 2: The financial statements should be stated in terms of a common financial denominator.

Option 1: Time period

Option 2: Going concern

Option 3: Accrual

Option 4: Stable monetary unit

Reference no: EM132766869

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