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When the concept of conservation is applied to the balance sheet, it results in ( a. overstatement of capital ( b. understatement of capital ( c. overstatement of assets ( d. understatement of assets.?
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When the concept of conservation is applied to the balance sheet, it results in (

a. overstatement of capital (
b. understatement of capital (
c. overstatement of assets (
d. understatement of assets.?

User Rdavisau
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1 Answer

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I think the correct answer from the choices listed above is option B. When the concept of conservation is applied to the balance sheet, it results in understatement of capital. Hope this answers the question. Have a nice day. Feel free to ask more questions.
User Nirma
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