Second, many assets are not going to be sold in the near future; they will be used

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Second, many assets are not going to be sold in the near future;

they will be used in ongoing operations. The entity and those who use its balance sheet therefore [do / do not] need to know the fair value of these assets. This reason stems from the previous concept, the g ___ - c _____ concept.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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