Multiple Choice
The underlying basis for the use of historical cost is the:
A) relevance principle.
B) matching principle.
C) comparability principle.
D) reliability principle.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q49: Under the comparability principle,financial statements should,as far
Q50: Due process in standard setting involves public
Q51: Professionals such as solicitors may use the
Q52: The Australian Accounting Standard dealing with hyperinflation
Q53: Under the percentage of completion method,which is
Q55: Accounting principles initially drew their authority from
Q56: Table 17-1<br> In 2016, a developer
Q57: Which type of business would be most
Q58: Which of the following are NOT potential
Q59: In 2017,Amana sold 10 refrigerators that cost