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Recording an item at its original transaction price is following the expense recognition principle. O True False 8. A business had revenues of $679,000 and

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Recording an item at its original transaction price is following the expense recognition principle. O True False 8. A business had revenues of $679,000 and operating expenses of $588,000. What was the amount of (A) net loss or (B) net income? the sta an (C)

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