Which of These Is Not a Criticism of Exit Price

question 30

Multiple Choice

Which of these is not a criticism of exit price accounting with respect to the profit concept?

• A)Accounting must measure past events
• B)Exit pricing does not provide relevant data to match against revenues
• C)A firm can consider an asset to have value because of its use in business rather than its sale and use by another enterprise
• D)All of these are not a criticism of exit value accounting with respect to the profit concept

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Definitions:

Web Browser

A software application used to access and navigate the internet, displaying web pages and managing web content.

Accounts

Profiles or records that represent individual users' access to computer systems, websites, or applications, often secured with a password.

Specified

Clearly and explicitly stated or defined.

Days

Units of time equivalent to 24 hours, representing a single rotation of Earth on its axis.