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Distinguish between measurements and calculations

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Reference no: EM13510766

1.Identify four qualities that are pertinent to accounting measures.

2.Use an example to distinguish between measurements and calculations.

3.List arguments for and arguments against the use of historical cost, general price-level adjustment, exit value (net realizable value) and replacement cost (entry value).  Explain why the discounted cash flow method is virtually impossible to apply in a real situation.

Reference no: EM13510766

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