One reason ARS 1 and ARS 3 fell short of the goal of obtaining a framework for APB accounting opinions is that the accounting profession refused to abandon historical cost.

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According to the passage, one reason for the failure of ARS 1 and ARS 3 to obtain a framework for APB accounting opinions was the accounting profession's reluctance to abandon historical cost.

One Reason ARS 1 and ARS 3 Fell Short of the Goal