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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting IFRS
  4. Exam
    Exam 1: Environment and Theoretical Structure of Financial Accounting
  5. Question
    The Best Argument in Support of Historical Cost Information Is
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The Best Argument in Support of Historical Cost Information Is

Question 72

Question 72

Multiple Choice

The best argument in support of historical cost information is:


A) Relevance.
B) Predictive quality for future cash flows.
C) Materiality.
D) Verifiability.

Correct Answer:

verifed

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