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Which of these is NOT a criticism of historical cost accounting? Select one: a.Historical cost overstates profit in times of rising prices. b.It is not

Which of these is NOT a criticism of historical cost accounting?

Select one:

a.Historical cost overstates profit in times of rising prices.

b.It is not objective and is open to manipulation.

c.It has been used by business over many centuries.

d.Cost information is not always available.

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