What is the continuity assumption, Financial Accounting

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What is the continuity assumption

Response to the following questions:

1. What is materiality and how does it relate to relevance?

2. What is the continuity assumption and why is it important in financial accounting?

3. What is the period-of-time assumption and why is it important in financial accounting?

If possible, please give examples to better understand your response.

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Financial Accounting: What is the continuity assumption

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Financial Accounting: What is the continuity assumption

Reference No:- TGS02100023

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