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The asset / liability approach:Multiple ChoiceEmphasizes principles for recognizing revenues and expenses.debtiestRecognizes amounts in thelincome statement necessary to account for the changes in assetsiend la

The asset

/

liability approach:Multiple ChoiceEmphasizes principles for recognizing revenues and expenses.debtiestRecognizes amounts in thelincome statement necessary to account for the changes in assetsiend la

Discourages the use of fair values in accounting measurement

None of the choices are correct

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