Question: QUESTION 2 The monetary unit assumption refers to measuring the financial statement items at their cost at the time of the transaction an assumption is

QUESTION 2
The monetary unit assumption refers to
measuring the financial statement items at their cost at the time of the transaction
an assumption is made that a company will continue to be in business in the future
the use of monetary units, such as dollars, to measure the value of financial statement amounts
the way revenues and expenses are recognized
none of these is correct
QUESTION 2 The monetary unit assumption refers to measuring the financial

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