For companies whose transactions were all in dollars,cash is carried on the balance sheet at its current market value instead of its historical cost.

Name: For companies whose transactions were all in dollars,cash is carried on the balance sheet at its current market value instead of its historical cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash is always reported at its nominal value, not its current market value or historical cost, because cash does not have a historical cost different from its face value.

For Companies Whose Transactions Were All in Dollars,cash Is Carried