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The following are the characteristics of accounting profits: (1 Point) OA A. Based on historical costs that enable users as to easily compare financial statements
The following are the characteristics of accounting profits: (1 Point) OA A. Based on historical costs that enable users as to easily compare financial statements B. Based on the principle of realization, historical cost, and conservatism that produce non-misleading and relevant information O C. Accounting practices allow consistency in measuring earnings O D. Changes in the price level (purchasing power of money) are clearly reflected in accounting profits O E. Based on the actual transaction and postulate of periodicity
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