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In times of rising prices, what effect does the use of the historical cost concept have on a company’s asset values
and profit?

A   Asset values and profit both understated
B   Asset values and profit both overstated
C   Asset values understated and profit overstated
D   Asset values overstated and profit understated.

C

wispydog

c

张俊平

a

James312

a

znfzero

c

Varda

a

zyfazx

c

婉桉

c

liminmin

hao

hate1

I just need it!