Question
The historical cost concept reflects the fact that financial accounting practice favors: Reliability over relevance Management's best guess over historical financial information Relevance over reliability
The historical cost concept reflects the fact that financial accounting practice favors:
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Reliability over relevance
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Management's best guess over historical financial information
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Relevance over reliability
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Consensus market values over historical financial information
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
