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Assume that a business is headed for certain bankruptcy and it is evident that its liabilities greatly exceed its assets. Which principle would be
Assume that a business is headed for certain bankruptcy and it is evident that its liabilities greatly exceed its assets. Which principle would be violated if its financial statements were prepared using standard U.S. GAAP? OA. Historical cost principle OB. Continuity assumption OC. Stable-monetary unit assumption OD. Entity assumption Day
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