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Name: Communication Questions (6 marks C) Answer each question in the space provided. You may write in point form. 1. Explain what the Cost Principle

Name: Communication Questions (6 marks C) Answer each question in the space provided. You may write in point form. 1. Explain what the Cost Principle is. [2 marks) 2. What is an impairment losse Under what circumstance does it occura (2 marks) 3 What do the asset tumover and return on asset ratios show about a company(2 marks)

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