The monetary-unit assumption refers to ________
A) measuring financial statement items at their cost at the time of the transaction
B) an assumption that a company will continue to be in business in the future
C) the use of monetary units, such as dollars, to measure the value of financial statement amounts
D) the way revenues and expenses are recognized
C
Business
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When it comes to currency transfers, what is the most important global interbank communications network?
A) CHIPS B) TARGET C) SWIFT D) RTGS
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Which of the following states of the world is NOT required for dividend policy to be irrelevant?
A) A world with no taxes B) A world with no transaction costs C) A world with no dividends D) All of the above are required for dividend irrelevance.
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