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    Financial Accounting Study Set 25
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    Exam 3: Adjusting the Accounts
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    <Sup></sup>175
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175

Question 139

Question 139

Multiple Choice

175. Valuing assets at their fair value rather than at their cost is inconsistent with the:


A) economic entity assumption.
B) historical cost principle.
C) periodicity assumption.
D) full disclosure principles.

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