MCQOPTIONS
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| 1. |
If nothing is given in the financial statements about the three accountingassumptions then it is to be treated as it |
| A. | Is assumed that it is not followed |
| B. | Is assumed to be followed |
| C. | Is assumed to be followed to some extent |
| D. | None of the above |
| Answer» C. Is assumed to be followed to some extent | |