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Question 6 A company has a factory building that originally cost the company $250,000. The current fair value of the factory building is $3
Question 6 A company has a factory building that originally cost the company $250,000. The current fair value of the factory building is $3 million. The president would like to report the difference as a gain. The write-up would represent a violation of which accounting assumption or principle? Going concern O Revenue recognition O Historical cost Monetary unit
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