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H3Ko H3Ko
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7 years ago
According to the ________, acquired assets should be recorded at the amount actually paid rather than at the estimated market value.
A) monetary unit assumption
B) going concern assumption
C) cost principle
D) economic entity concept
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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