49. Which one of the following assumptions or principles most logically supports the preparation of a single set of consolidated financial statements that combines the financial information of several wholly owned but separately identifiable businesses? 50. Expenses are recognized and matched against revenues on the basis of three principles. Which of the following is not one of these principles?
49. Which one of the following assumptions or principles most logically supports the preparation of a single set of consolidated financial statements that combines the financial information of several wholly owned but separately identifiable businesses? 50. Expenses are recognized and matched against revenues on the basis of three principles. Which of the following is not one of these principles?