You have purchased some T-shirts for ($ 6,000) and can sell them immediately for ($ 8,000). What

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You have purchased some T-shirts for $\$ 6,000$ and can sell them immediately for $\$ 8,000$. What accounting assumption, criteria, or constraint governs the amount at which to record the goods you purchased?

a. Economic entity assumption

b. Reliability characteristic

c. Cost principle

d. Going concern assumption

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