The Stable-Monetary-Unit Assumption

question 164

Multiple Choice

The stable-monetary-unit assumption:

• A)ensures that accounting records and statements are based on the most reliable data available.
• B)requires all countries to record transactions in U.S.dollars.
• C)maintains that each organization or section of an organization stands apart from other organizations and individuals.
• D)enables accountants to ignore the effect of inflation on the accounting records.