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Canton works at a company where he buys and sells bonds regularly. The company requires that the bonds be reported at an amount that reflects

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Canton works at a company where he buys and sells bonds regularly. The company requires that the bonds be reported at an amount that reflects the changing value of the bonds. Milly records only the cash flow in and out of the company, but she wishes she could also record the fact that the morale at the company is impacting profits. What is implied here? Canton follows the historical cost principle and Milly follows the monetary unit assumption O Milly follows the monetary unit assumption and Canton follows the fair value principle, O Mily follows the historical cost principle and Canton follows the fair value principle. Canton follows both the monetary unit assumption and the historical cost principle and Milly follows the fair value principle

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