Under the accounting standards, which alternative measure of value is not permitted to be used for valuing assets?
A) fair value
B) historical cost
C) net realisable value
D) None of the above, i.e. all are permitted methods in some circumstances

Question

Quizplus · Accepted Answer

All the mentioned measures of value (fair value, historical cost, net realisable value) are permitted under various accounting standards for valuing assets, depending on the context and specific requirements of the standard being applied.

Under the Accounting Standards, Which Alternative Measure of Value Is