Once an Asset Is Acquired,it Continues to Be Measured at

question 39

Multiple Choice

Once an asset is acquired,it continues to be measured at

• A)the amount initially recorded,unless the measurement method changes
• B)the amount initially measured,unless an event occurs that changes the measurement method
• C)the amount initially recorded,unless an event occurs that changes the liability value
• D)the amount initially recorded,unless an event occurs that changes the asset value

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Definitions:

Harmonious

Describes a situation, relationship, or arrangement that is well balanced, peaceful, and free from discord.

Superstructure

A concept in Marxist theory referring to the cultural, ideological, and institutional structures built upon the economic base of society.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Male Dominance

A societal structure where males possess the majority of power, dominating in positions of governmental leadership, ethical oversight, societal advantage, and ownership of assets.