Which of the following is not a fundamental issue when an accountant faces a new type of transaction?
A) recognition
B) measurement
C) disclosure
D) issuance

Question

Quizplus · Accepted Answer

The issuance of a transaction is not a fundamental issue that an accountant faces. However, recognition, measurement, and disclosure are fundamental issues, as they involve determining whether a transaction should be recorded, how it should be recorded, and how it should be disclosed in the financial statements.

Which of the Following Is Not a Fundamental Issue When