The assumption that requires that only those things that can be expressed in money are included in the accounting records is the
A) economic entity assumption.
B) monetary unit assumption.
C) going concern assumption.
D) periodicity assumption.
Correct Answer:
Verified
Q173: The periodicity assumption states
A)the business will remain
Q174: The principle that indicates that assets should
Q175: Accounting information should be neutral in order
Q176: Different companies using the same accounting principles
Q177: An item is considered material if
A)it does
Q178: The accounting concept that indicates assets should
Q180: Information is _ if independent measures, using
Q181: Valuing assets at their fair value rather
Q183: The going concern assumption assumes that the
Q184: The historical cost principle requires that when
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