Why would balance sheets prepared under SFAS No. 8 lack additivity?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Question Posted: Feb 12, 2016 06:33 AM

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Why would balance sheets prepared under SFAS No. 8 lack additivity?

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Items carried on balance sheets at current price such as monetary items and i...View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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