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Accounting was developed in the 20 th century. True False Question 8 ( 2 points) A company's
financial position has only one aspect. True False Question 9 ( 2 points) There is only one type
of assets. True False Question 10 ( 2 points) An assets is anything that valuable. True False
Question 11 ( 2 points) The measurement of an asset's value is objective. True False Question 12
( 2 points) If an asset can't be measured reliably, it isn't shown in the accounts of the company.
True False

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