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Which of the following statements regarding the limitations f income statements is NOT correct? Q St C C S Income measurement involves the use of
Which of the following statements regarding the limitations f income statements is NOT correct?
Q
St
C
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S
Income measurement involves the use of estimates.
When items cannot be measured reliably, those items are not reported.
O Income numbers are affited by the accounting methods used
The application of GAAP is optimal.
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