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Monetary unit assumption Economic entity assumption Periodicity assumption Gaine concern motion Question 14 3.25 pts The historical cost principle requires that when assets are acquired,

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Monetary unit assumption Economic entity assumption Periodicity assumption Gaine concern motion Question 14 3.25 pts The historical cost principle requires that when assets are acquired, they be recorded at market value the amount paid for them selling price list price Question 15 3 R

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