Question: Question 20 (7 points) In very high inflation countries the usefulness of financial statements is less, because of many item in the financial statements use

Question 20 (7 points) In very high inflation countries the usefulness of financial statements is less, because of many item in the financial statements use historical cost and they are far different than real situations. True False Question 21 (5 points) Companies in liquidation process cannot use going concern principle. True False

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