The Principle That Indicates That Assets Should Be Reported at the Price

question 116

Multiple Choice

The principle that indicates that assets should be reported at the price received to sell an asset is the

• A) historical cost principle.
• B) fair value principle.
• C) full disclosure principle.
• D) consistency principle.

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Definitions:

Cell Range

A collection of two or more cells in a table or spreadsheet, identified by their top left and bottom right corners.

Top/Bottom Rules

A feature found in spreadsheet applications for data filtering, highlighting the highest or lowest values in a dataset based on specified criteria.

Cell Range

A set of contiguous or selected cells in a spreadsheet that has been specified for a particular operation or function.

Adjacent

Located next to or near another element, often implying direct contact or a close relationship.