One Drawback to the Unit-Of-Measure Assumption Is

question 78

Multiple Choice

One drawback to the unit-of-measure assumption is:

• A)it inhibits an assessment of going concern.
• B)information about individual items being measured is lost.
• C)it makes it easier to measure certain assets, such as intellectual property, human capital, and social costs.
• D)it makes it harder to measure transactions.

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Definitions:

Claim

A formal assertion of one's right to money, property, or legal remedy due to harm or wrongdoing experienced.

Bad Faith

An intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to fulfill it, or violating basic standards of honesty in dealings.

Denies Coverage

The act of an insurance company refusing to pay out a claim on an insurance policy.

Policy's Coverage

Refers to the range of protection provided by an insurance policy against various risks or losses.