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