USGenerally Accepted Accounting Principles Require the Reporting of Plant Assets

question 110

Multiple Choice

U.S.Generally Accepted Accounting Principles require the reporting of plant assets at ________ on the balance sheet.International Financial Reporting Standards allow the reporting of plant assets at ________ on the balance sheet.

• A)current replacement cost;fair market value
• B)fair market value;fair market value
• C)historical cost;fair market value
• D)historical cost;net realizable value