Responsibility to make adjustments


Who is the author of:"Objectively determinable current values of many assets do not exist. Faced with tradeoff between relevant, but subjective current values, and irrelevant, but objective historical costs, accountants have opted for irrelevant, but objective historical costs. This means that it is the user's responsibility to make adjustments"

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Accounting Basics: Responsibility to make adjustments
Reference No:- TGS066829

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