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Netflix Quarters 2023Q1- $8.16 billionQ2-$8.18 billionQ3-$8.54 billionQ4-$8.83 billion
Periodicity AssumptionStates that the life of a business can be divided into artificial time periods and that useful reports covering those periods can be prepared for the business
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The matching principle is the same thing as the Fair Value PrincipleStarbucks Revenue: $9.07 BillionStarbucks Expenses: $30.105 Billion
The Matching/ Fair Value Principle is assets and liabilities should be reported at fair value . Price that would be received if an asset was sold or the amount that would be required to be paid to settle a liability. Used only in situations where assets are actively traded. Two qualities used in choosing between cost and fair value—relevance and faithful representation
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NO!!!! We need to put all of our information in. The GAAP principle- Full Disclosure states is financial statements should include all information necessary to understand a business's financial condition.
Hey boss, so I am working on the financial statement but I can across a section but our numbers are bad so I don't think we should put them in.

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