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A researcher samples the waters of the boiling hot springs in Yellowstone National Park.Under the microscope,she observes what appear to be living cells in the water.If these indeed are living cells,what type of cell would they most likely be?
Consistency Principle
An accounting principle that requires entities to apply the same accounting methods and policies from period to period unless a change is justified and disclosed.
Accounting Methods
The specific rules and procedures used by a business to prepare its financial statements, including how it recognizes revenue and expenses.
Revenue Recognition
Revenue recognition is an accounting principle that outlines the specific conditions under which revenue is recognized and dictates how to account for it.
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