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Accounting

When net assets are recorded at their historical cost and changes in net assets are not recorded unless an event, transaction, or circumstance occurs, the:

a) financial capital maintenance approach is being used

b) transactional approach is being used

c) physical capital maintenance approach is being used

d) comprehensive income approach is being used

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9446963

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