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Abusiness entity operates in two general markets, They are a producer and a consumer market an economic and a fiscal market a

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Answer #1

10.

A business entity operates in two general markets, they are an input and an output market.

11.

An event that affects assets, liabilities, or shareholders' equity is considered to be relevant.

12.

If an event is considered to change assets, liabilities, or shareholders' equity with an appropriate monetary measure, then it is recorded in the books of a company.

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