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  3. Study Set
    Fundamental Financial Accounting Concepts
  4. Exam
    Exam 4: Accounting for Merchandising Businesses
  5. Question
    Gains and Losses Are Recorded for Increases and Decreases in the Market
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Gains and Losses Are Recorded for Increases and Decreases in the Market

Question 143

Question 143

True/False

Gains and losses are recorded for increases and decreases in the market value of assets such as land.

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