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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 17: The Framework of Accounting
  5. Question
    The Underlying Basis for the Use of Historical Cost Is
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The Underlying Basis for the Use of Historical Cost Is

Question 54

Question 54

Multiple Choice

The underlying basis for the use of historical cost is the:


A) relevance principle.
B) matching principle.
C) comparability principle.
D) reliability principle.

Correct Answer:

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