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Under accounting principles generally accepted in the United States, in order for an item to qualify for recognition in the financial statements of a company,
Under accounting principles generally accepted in the United States, in order for an item to qualify for recognition in the financial statements of a company, the item must 1. Be measurable in monetary terms II. Reflect the consensus expectations of investors IIL Meet the definition of an element of the financial statements Multiple Choice I only. I and III only. I, II, and III. II and III only
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