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Gamma Corporation has a headquarters building that originally cost the company $500,000. The current estimated price of the building is $2,000,000. The President would
Gamma Corporation has a headquarters building that originally cost the company $500,000. The current estimated price of the building is $2,000,000. The President would like to report the difference as a gain. The write-up would represent a violation of which accounting assumption or principle? Revenue Recognition Principle Monetary Unit Assumption O Full Disclosure Historical Cost Principle O Going Concern Assumption
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