Clarify the reasons why the historic cost is used when, Financial Accounting

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Clarify the reasons why the historic cost is used when

Clarify the reasons why the historic cost is used when recording the purchase of accounts receivable and the impact the fair value will have on that entry.and why there is a difference between the amount accounts receivable recorded at and the fair value of that asset?

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Financial Accounting: Clarify the reasons why the historic cost is used when

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Financial Accounting: Clarify the reasons why the historic cost is used when

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