Objectivity Principle
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- I just bought so much stock in this company it about to go crazy!
- Nothing really happened…. I know this company is going to go crazy! I'm going to put my predicted gains on my Financial Statement!
- Hey Michael, your income statement shows a massive gain on a stock! But we haven't found any solid evidence that proved your gain!
- Yes I'm sorry!!! The stock hasn't gone up iI just think its going too!!
- The Objectivity principle states that all accounting balances should be entered based on facts, and objective evidence!! Rewrite your entry!
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