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

Question 1

Question 1

Multiple Choice

An important argument in support of historical cost information is:


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

Correct Answer:

verifed

Verified

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