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M5-O1-Capital M 2009: Which of the following statements is not true? Answer a. the transaction approach is more focused on the accounts on balance sheet.

M5-O1-Capital M 2009: Which of the following statements is not true? Answer a. the transaction approach is more focused on the accounts on balance sheet. b. For the income measurement, there are two approaches such as trasaction and capital maintenance c. Capital maintenance approach is more related to measurement problem, while transaction approach is more related to revenue recognition issues. d. The current GAAP is more based on the transaction approach

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