11..As fair values may be unreliable and mislead users into thinking that the balance sheet shows the
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11..As fair values may be unreliable and mislead users into thinking that the balance sheet shows the net worth of an entity, historical costs are preferable for repor ting assets and liabilities in the balance sheet. Discuss.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273712312
12th Edition
Authors: Barry Elliott, Jamie Elliott
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