Question: Question 5 (1 point) True or false: Most items on the Balance Sheet are listed at their historical cost Question 5 options: True False Question

Question 5 (1 point)

True or false: Most items on the Balance Sheet are listed at their historical cost

Question 5 options:

True

False

Question 6 (1 point)

True or false: Income Statements are NOT normally constructed using the "accrual" concept

Question 6 options:

True

False

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