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Discuss the defenses of the urinary system.
Historical Cost Principle
An accounting principle that assets should be recorded and reported at their original purchase cost.
Going-Concern Assumption
An accounting principle assuming that a company will continue to operate indefinitely and not go bankrupt, impacting financial decisions and reporting.
Full Disclosure
The principle that requires a company to provide all necessary information in its financial statements to ensure they are complete and accurate.
Historical Cost
The original monetary value of an asset or investment, without adjusting for inflation or appreciation over time.
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