Question: 1 . Describe the Mixed Attribute Measurement Model and explain its significance - e . g . , what are the standard setters trying to

1. Describe the Mixed Attribute Measurement Model and explain its significance - e.g., what are the standard setters trying to accomplish.
2. Explain why not all assets and liabilities are measured and recorded using the same measurement attributes. Elaborate by using examples.
3. Explain the difference between "relevance" and "faithful representation" in accounting..

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