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Which of the following statements is not true in measuring earnings? ...

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Question

Accounting

Which of the following statements is not true in measuring earnings?

a.

Capital maintenance approach is more related to measurement problem, while transaction approach is more related to revenue recognition issues.
b.

For the income measurement, there are two approaches such as trasaction and capital maintenance
c.

the transaction approach is more focused on the accounts on balance sheet.
d.

The current GAAP is more based on the transaction approach

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