Which of the Following Is an Advantage of Replacement Cost

question 90

Multiple Choice

Which of the following is an advantage of replacement cost accounting over historical cost accounting?

• A) Replacement cost accounting is easier for companies to use.
• B) Replacement cost accounting requires fewer estimates.
• C) Replacement cost data is from a more recent data, and is more comparable across companies.
• D) Replacement cost data is easier to verify.

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Definitions:

Representative

An individual who acts on behalf of another person or group, often in a legislative or sales context.

Larger Population

Refers to a significant increase in the number of individuals within a specific area or group, often requiring additional resources or management strategies.

Diversity Competency

The ability to understand, respect, and value diversity, thus improving interactions and relationships in a multicultural environment.

Promote Diversity

Encouraging the inclusion and representation of different demographic backgrounds, experiences, and perspectives in an organization or community.