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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 14: Accounting Principles and Reporting Standards
  5. Question
    The ____________________ Assumption Permits the Costs of Assets Purchased Many
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The ____________________ Assumption Permits the Costs of Assets Purchased Many

Question 3

Question 3

Short Answer

The ____________________ assumption permits the costs of assets purchased many years ago to be added to the costs of newly purchased assets for financial statement reporting.

Correct Answer:

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