Which one of the following statements is correct?
A The prudence concept requires assets to be understated and liabilities to be overstated.
B To comply with the law, the legal form of a transaction must always be reflected in financial statements.
C If a non-current asset initially recognised at cost is revalued, the surplus must be credited in the income
statement.
D In times of rising prices, the use of historical cost accounting tends to understate assets and overstate profits. D | 
发表于 2008-4-29 15:45
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