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What are the benefits of summer and Saturday programs for students who are gifted?
Conservatism
An accounting principle that requires potential expenses and liabilities to be recognized immediately, while revenues are only recognized when they are assured.
Accounting Principle
A general rule or guideline that guides accounting practices, ensuring consistency, reliability, and transparency in financial reporting.
Cost Or Market
An accounting principle that states inventory should be recorded at either its historical cost or market value, whichever is lower.
Replacement Cost
The cost to replace an asset with another of similar quality and functionality at current market prices.
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