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Question Number: 338

XACC 280 Week 1 Assignment Accounting Assumptions, Principles, and ConstraintsWrite an essay in 250 to 300 words, including the following:· The basic assumptions of accounting· The principles of accounting· The constraints of accountingA conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response.

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