A Company Has a Factory Building That Originally Cost the Company

question 100

Multiple Choice

A company has a factory building that originally cost the company $250,000. The current fair value of the factory building is $3 million. The president would like to report the difference as a gain. The write-up would represent a violation of which accounting assumption or principle?

• A) Revenue recognition.
• B) Going concern.
• C) Historical cost.
• D) Monetary unit.

Recognizing the impact of memory bias on personal relationships and self-perception.

Insight into the validity concerns of recovered memories and the role of the misinformation effect.

Understanding the process of false memory creation and distinguishing between types of events susceptible to false recollections.

Awareness of gender differences in the experiences of abuse and their memory implications.