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Author Question: Assets are recorded at their original cost to the company at the time of purchase. This is the ... (Read 45 times)

Davideckstein7

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on: Jul 5, 2018
Assets are recorded at their original cost to the company at the time of purchase. This is the ________ principle.
 
  A) historical-cost
  B) full-disclosure
  C) matching
  D) revenue recognition

Question 2

Merchandise inventory is classified on the balance sheet as a
 a. current liability
  b. current asset
  c. long-term asset
  d. long-term liability


sierramartinez

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

b


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