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What does the monetary unit assumption of accounting mean? A : a balance sheet must be prepared at the end of each year B :

What does the monetary unit assumption of accounting mean?

  • A :

    a balance sheet must be prepared at the end of each year

  • B :

    financial statements include all important information needed by investors

  • C :

    only items that can be expressed in money are recorded in accounting records

  • D :

    every economic entity can be separately identified and recorded

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