GB 518 RANK Let's Do This /gb518rank.com GB 518 RANK Let's Do This /gb518rank.com | Page 20

plus the cash equivalent value of any non-cash assets received from customers in exchange for goods or services is called the: Going-concern principle Cost principle Revenue recognition principle Objectivity principle Business entity principle Question 11. Question : a company are called: Creditors' claims on the assets of Net losses Expenses Revenues Equity Liabilities Question 12. Question : activity is: An example of a financing