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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?
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A :
a balance sheet must be prepared at the end of each year
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B :
financial statements include all important information needed by investors
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C :
only items that can be expressed in money are recorded in accounting records
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D :
every economic entity can be separately identified and recorded
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