One of the Key Factors Identified by Chambers in Support

question 46

Multiple Choice

One of the key factors identified by Chambers in support of CoCoA is additivity.Which of the following does not support this view expressed by Chambers?

• A)Using different measurement scales in financial statements renders them unable to provide practical meaning when the values are aggregated.
• B)The valuation of all elements of the balance sheet at their money equivalents provides one rule that can be applied consistently by any company
• C)The cash equivalent of assets can be quite different depending upon the procedure used in selling them
• D)All of the above do not support the view that CoCoA has additivity.

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Definitions:

Ethical and Legal

Pertaining to actions or decisions that are both morally right and in accordance with laws and regulations.

Company's Responsibility

The duty of a corporation to act ethically towards its employees, customers, society, and the environment in its operations.

Relationship-Oriented

A business or marketing approach that prioritizes building long-term relationships with customers over immediate sales or transactions.

Salesperson

An individual who sells goods and services to others in exchange for money or other compensation.