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Rickos Rickos
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7 years ago
The historical cost principle requires that
A) assets be valued at their cost when they were acquired.
B) raw materials costs be recognized at their average price over the last three years.
C) assets be be valued at their average cost over the last three years.
D) historical costs be used on both the income statement and the balance sheet.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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Rickos Author
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#2
7 years ago
I want to thank you for being so helpful
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