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6- Which of the following criticisms does NOT apply to historical cost financial statements during a period of rising prices? They are difficult to verify
6- Which of the following criticisms does NOT apply to historical cost financial statements during a period of rising prices? They are difficult to verify because transactions could have happened many years ago They contain mixed values; some items are at current values and some are at out of date values They understate assets and overstate profit They overstate gearing in the statement of financial position.
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