The Cost Principle Requires That Companies Record Assets at Their

question 157

Multiple Choice

The cost principle requires that companies record assets at their

• A)appraisal value.
• B)cost.
• C)market price.
• D)list price.

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Definitions:

Procedural Law

The set of rules that governs the proceedings of the court in criminal lawsuits as well as civil and administrative proceedings.

Certified Paralegals

Paralegals who have met specific educational and work experience requirements and passed a certification exam.

Procedural Law

The body of law that sets out the methods and procedures for enforcing rights and obligations and for obtaining redress and settlements in legal disputes.

AAfPE

The American Association for Paralegal Education, an organization dedicated to promoting quality paralegal education and training programs.