The Principle Stating That Assets Acquired by the Business Should

question 4

Multiple Choice

The principle stating that assets acquired by the business should be recorded at their actual cost on the date of purchase is:

• A)historical cost.
• B)objectivity.
• C)reliability.
• D)stable-monetary-unit.

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Definitions:

Sample Size

The number of observations or data points collected in a sample.

Variable

An element, feature, or factor that is liable to vary or change.

Confidence Interval

A gamut of values, arising from sample statistic evaluation, with a high likelihood of encompassing the value of a mysterious population parameter.

Sample Size

The number of observations or cases used in a study or experiment, which can impact the reliability and validity of statistical results.