13. (a) Why have accountants traditionally preferred to report historical costs rather than current costs in conventional
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13.
(a) Why have accountants traditionally preferred to report historical costs rather than current costs in conventional statements?
(b) What are some limitations of historical cost statements?
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Related Book For 
Intermediate Accounting
ISBN: 9780324013078
14th Edition
Authors: Fred Skousen, James Stice, Earl Kay Stice
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