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Two parents are trying to plan sleeping arrangements for their three children: a 15-year-old daughter,a 3-year-old son,and a 2-year-old daughter.They decide that the 2-year-old would sleep alone,while the 15-year-old and the 3-year-old would sleep in the same room.The parents would sleep separately.According to this arrangement,which of the following principles was violated?
Cost of Goods Sold
The expenses directly associated with manufacturing the products a company sells, which cover both the materials and labor costs.
Balance Sheet
A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time.
Spreadsheet
A digital tool that allows users to organize, calculate, analyze, and visually present data in a tabular format.
Job-Order Costing
A cost accounting system that accumulates costs per job, rather than by process or period, used for unique or custom orders.
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