Solved: Which basic element of financial statements arises from, Accounting Basics

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Which basic element of financial statements arises from

Question: Write 1 paragraph for each question.

1. Which basic element of financial statements arises from peripheral or incidental transactions?

2. What is the characteristic that is demonstrated when a high degree of consensus can be secured?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Accounting Basics: Which basic element of financial statements arises from

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