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(Solved): 1.) Which Of The Following Is An Argument For Using Historical Cost In Accounting? A.) Fair Values A ...

1.) Which of the following is an argument for using historical cost in accounting?

A.) Fair values are subjective

b.) Fair values are more relevant

c.) Historical costs are based on an exchange transaction.

d.) Historical costs are reliable.

2.) ___________ is not an accounting change.?

_________ are fill in the blank questions

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Que. 1) d. 'Historical Costs are reliable.' is an argument for using historical cost in accounting Explana
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