hi, In a period of rising prices, the assets on the balance sheet will be understated. Therefore,
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hi,
In a period of rising prices, the assets on the balance sheet will be understated. Therefore, the balance sheet will be misleading. comment on this.
the question is that i don't understand why the assets on the balance sheet will be understated when the there's a period of rising prices.
thank you
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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