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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

ysy8711438

C

tonyyuan

C

sarah511

d

passtony

c

摩天轮公主

C

ydream

C

81123127bi

00

sxl10

c

savio

c