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The statement that is true with respect to current cost accounting is: Select one: a.Current operating profit is the excess of the current value of

The statement that is true with respect to current cost accounting is:

Select one:

a.Current operating profit is the excess of the current value of the output sold over the current cost of the related inputs.

b.Gains are recorded only when the assets are disposed of.

c.Holding gains are not included in current operating profits.

d.None of the above is true.

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