The principle that indicates that assets should be reported at the price that would be received to sell the asset is the
A)historical cost principle.
B)fair value principle.
C)full disclosure principle.
D)consistency principle.

Question

Quizplus · Accepted Answer

The fair value principle indicates that assets should be reported at the price that would be received to sell the asset.

The Principle That Indicates That Assets Should Be Reported at the Price