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    Financial Accounting Study Set 28
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    Exam 2: A Further Look at Financial Statements
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    The Accounting Concept That Indicates Assets Should Be Reported at the Price
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The Accounting Concept That Indicates Assets Should Be Reported at the Price

Question 208

Question 208

Multiple Choice

The accounting concept that indicates assets should be reported at the price received to sell an asset is the


A) economic entity assumption.
B) monetary unit assumption.
C) fair value principle.
D) historical cost principle.

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