The Assumption That the Unit of Measure Remains Sufficiently Constant

question 238

Multiple Choice

The assumption that the unit of measure remains sufficiently constant over time is part of the

• A) economic entity assumption.
• B) cost principle.
• C) historical cost principle.
• D) monetary unit assumption.

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Definitions:

Prior Decisions

Legal doctrine referring to the respect and adherence to judicial decisions made in previous cases.

Authoritative

Possessing or exhibiting authority; considered to be reliable or accurate.

Trial Court

The first court where a legal case is heard, responsible for finding facts, hearing witness testimony, and making rulings based on law.

Criminal Case

A criminal case is a legal proceeding in which the state or a public prosecutor pursues charges against a person alleged to have committed a crime.