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    Exam 2: Conceptual Framework Underlying Financial Reporting
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    Under GAAP, Inflation Has Been Historically Ignored Due to the
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Under GAAP, Inflation Has Been Historically Ignored Due to the

Question 36

Question 36

Multiple Choice

Under GAAP, inflation has been historically ignored due to the


A) economic entity assumption.
B) going concern assumption.
C) monetary unit assumption.
D) periodicity assumption.

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