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State the accounting assumption, principle, qualitative characteristic, or constraint that is most applicable in the following cases.1.All payments less than ¤25 are expensed as incurred.Materiality2.The company employs the same inventory valuation method from period toComparability (consistency)period.3.The cost of material and labor for producing a product are carried into the futureif the revenue from the product will be recognized in the future.4.Ability to add 1985 dollar amounts to 2020 do
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