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A concept or principle that relates to transactions is:Multiple Choiceconsistency.materiality.full disclosure.original cost.

Question

A concept or principle that relates to transactions is:Multiple Choiceconsistency.materiality.full disclosure.original cost.

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Solution

The principle that relates to transactions is "full disclosure". This principle requires that all information that may affect a reader's understanding of a company's financial statements must be included with the statements. This includes any information that can influence a decision or change a view about the company's financial health.

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