Which of the Following Is Not an Advantage of Historical

question 79

Multiple Choice

Which of the following is not an advantage of historical cost, when compared to fair value?

• A) Historical cost is always more relevant than fair value.
• B) Historical cost is objective, because it was an amount actually paid.
• C) Historical cost is verifiable, while fair value may require estimates.
• D) Historical cost uses information the company already has, while fair value may require the company to get price information from others.

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Definitions:

Squamous

Describes a type of flat, thin cells that are found in tissues lining certain internal organs and on the body's surface.

Stratified Squamous Epithelium

A type of epithelial tissue composed of multiple layers of cells, with the outermost layer being flat and scale-like, serving protective functions in areas subject to abrasion.

Stratified Cuboidal Epithelium

A type of tissue composed of multiple layers of cube-shaped cells, often found in sweat glands, mammary glands, and salivary glands.

Simple Squamous Epithelium

Simple squamous epithelium is a type of tissue composed of a single layer of flat cells that facilitates processes like diffusion and filtration, commonly found lining organs such as the alveoli in the lungs.