Jill Riggins owns and operates Jills Java coffee shop. She proposes to account for the shops assets

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Jill Riggins owns and operates Jill’s Java coffee shop. She proposes to account for the shop’s assets at their current market value in order to have current amounts on the balance sheet. Which accounting concept or principle does Jill violate?

a. Cost principle

b. Entity concept

c. Going-concern concept

d. Reliability principle

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 11, 2024 11:00 PM

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Jill Riggins owns and operates Jills Java coffee shop. She proposes to account for the shops assets

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Financial Accounting

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