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*All assets, liabilities and equity accounts are recorded based on historical cost. Do you agree or disagree, give examples to support your answer? *FASB-IASB have
*All assets, liabilities and equity accounts are recorded based on historical cost. Do you agree or disagree, give examples to support your answer?
*FASB-IASB have set a proposed statement of financial position and cash flows statement. Show the key changes between the ongoing statement of financial position and cash flow statement and the proposed ones
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