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The fact that personal expenditures of company owners (i. e., the purchase of personal use items including food, home improvements, family automobiles, etc.) should not be reflected as assets or expenses in the company's financial statements is a reflection ofa the monetary measurement concept. b the historical cost principle. c the entity concept. d the exclusionary concept. e none of the above.
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The fact that personal expenditures of company owners (i. e., the purchase of personal use items inc...
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