Investor is the answer. Hope this helps!
Answer:
International Trade
Explanation:
Based on the information provided within the question it can be said that in this scenario Yummy Snacks is most likely involved in International Trade. This refers to exchanging goods or services across international borders throughout various countries, either exporting or importing. Which is what Yummy Snacks is doing by exporting their product to consumers in various Latin American Countries in exchange for money.
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
What is Monetary unit?
The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.
Therefore,
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
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The amounts for recording properties and services purchased by a business are determined using the cost concept.
<h3>Which principle determines the amount initially entered into the records for purchases?</h3>
A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.
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