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7 Distinguish between the permanent and transitory components of income. Cite an example of each, and discuss how each component affects analysis 8 Define and

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7 Distinguish between the permanent and transitory components of income. Cite an example of each, and discuss how each component affects analysis 8 Define and cite an example of value irrelevant component of income. 9 What are the key differences between the historical cost and the fair value models of accounting

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