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Valuation should be accurate to provide useful information. Which statement is NOT TRUE in terms of valuation on B/S? Marketable securities on B/S are based
Valuation should be accurate to provide useful information. Which statement is NOT TRUE in terms of valuation on B/S?
Marketable securities on B/S are based on fair value
Common stocks on B/S are always based on historical cost
Cash on B/S is based on current value
Inventory on B/S is always based on historical cost
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