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1. James Cook Ltd bought a piece of lanti l' vears ago and the market value of this property is nova.r worth 5 times its
1. James Cook Ltd bought a piece of lanti l' vears ago and the market value of this property is nova.r worth 5 times its purchase cost. The accountant suggested that James Cook Ltd should revalue the asset. This notion is consistent with the qualitative characteristic of: A. relevance. B. faithil representation. C. understanoabilitv. D. comparability
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia A Libby
3rd Edition
0073527106, 9780073527109
