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9 According to the historical cost principle? Select one alternative: Assets must be recorded at market value at any time (fair value) and liabilities at
9 According to the historical cost principle? Select one alternative: Assets must be recorded at market value at any time (fair value) and liabilities at the transaction value that applied when they were created Companies must use the same accounting methods as last year Must register assets at the original purchase price and liabilities at the transaction price that was valid when they were created Shall strive to balance fees against income recorded according to the income rule
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