An American business records transactions using the U.S. dollar and disregards fluctuation in the buying power of
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Question:
An American business records transactions using the U.S. dollar and disregards fluctuation in the buying power of the dollar over time. This represents which of the following concepts or principles?
A) The entity concept
B) The going-concern concept.
C) The faithful representation
D) The stable monetary unit principle
Related Book For
Principles of Managerial Finance
ISBN: 978-1408271582
Arab World Edition
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
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