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Which of the following statement is true? A . The consistency concept allows the readers of the financial statements to make meaningful comparisons between years.
Which of the following statement is true?
A The consistency concept allows the readers of the financial statements to make meaningful comparisons between years.
BAccountants should be optimistic with estimations when in doubt.
C Assets are recorded in the financial statements at their market values.
D Expenses must be recorded as soon as they are paid.
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