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Norris Enterprises paid $ 1 2 0 , 0 0 0 for products it will sell in its store. Before the products were sold, their
Norris Enterprises paid $ for products it will sell in its store. Before the products
were sold, their market value had increased to $ The increase in market value
should NOT be recorded in the accounting records because of which of the following:
Full disclosure principle
Monetary unit assumption
Periodicity assumption
Economic entity assumption
Historical cost principle
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