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In a period of rising general price levels, Pollard Corp. discloses income on a current cost basis in accordance with ASC Topic 255, Changing Prices. Compared to historical cost income from continuing operations, which of the following conditions increases Pollard’s current cost income from continuing operations? A. Current cost of cost of goods sold is less than historical cost. B. Current cost of land is greater than historical cost. C. Current cost of equipment is greater than historical cost. D. Ending net monetary assets are less than beginning net monetary assets. |