PLUS Kieso, Intermediate Accounting, 12CE Volume 1 D2L: SHERIDAN (MER End Time: 11:00 AM / Remaining: 14 min. Question 19 Which of the following statements does not apply to the historical cost principle? Mid- O Historical cost Hesults from a reciprocal or two-way exchange. Absults O The principle does not apply to financial instruments. O Over time, historical cost becomes irrelevant in terms of predictive value. Historical cost represents a value at a point in time. Type here to search F2 F3 F4 F5 F6 F7 FB F9 F10 F11