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Miss Krupt, accountant of Dewey, Cheatum and Howe, increased the company's long-term assets to their fair market values on the balance sheet. Which of the
Miss Krupt, accountant of Dewey, Cheatum and Howe, increased the company's long-term assets to their fair market values on the balance sheet. Which of the following assumptions/principles did she violate? O A. Economic Entity Assumption O B. She did not violate any of the assumptions/principles and reported the long-term assets properly. O C. Expense Recognition Principle O D. Historical Cost Principle O E. Periodic Reporting Assumption
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