Assume that two firms are both following generally accepted accounting principals. Both firms commenced operations...
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Accounting
Assume that two firms are both following generally accepted accounting principals. Both firms commenced operations two years ago with million of identical fized assets and neither firm sild any of thise assets or purchased any new fized assets. The two firms cousl report different amounts of net fixed assest on their balance sheets and both firms could still meet the standards of generally accepted accounting principals true or false
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