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tangare [24]
4 years ago
5

A problem with the monetary unit assumption is that A. the dollar is a common medium of exchange. B. the dollar has been stable

over time. C. the dollar has not been stable over time. D. it is impossible to account for international transactions.
Business
1 answer:
matrenka [14]4 years ago
4 0

Answer: Option C

Explanation: As per the monetary unit assumption, only those transactions that could be valued in monetary terms are considered to be important. The transactions or events that have only qualitative aspects are non relevant for accounting purposes.

It makes a assumption that the value of dollar will remain stable over time, which is incorrect. This concept does not take into consideration the problem caused by the historic cost recording.

Hence from the above we can conclude that the correct option is C.

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Making a credit card minimum payment:
bonufazy [111]
<span>Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.</span>
4 0
4 years ago
if a trial balance totals do not agree, the difference must be entered in a. nominal account b. the profit and loss account C. t
Lena [83]

Answer:

d. the suspense account​

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account​

8 0
3 years ago
Using your answers from the previous question, give one way to manage or lessen the risk you identified.
Zinaida [17]

Answer:

What was the answer from the previous question?

Explanation:

8 0
3 years ago
Which steps are part of doing a cost-benefit analysis? Select three options. Predicting costs identifying outcomes comparing cos
GuDViN [60]

There are several steps in a cost-benefit analysis including:

  • Identifying outcomes
  • Comparing costs
  • Calculating costs

A cost benefit analysis allows one to weigh the benefits of an opportunity against its costs to see if the opportunity is worth it. It involves identifying the outcomes of the opportunity such as a success or failure.

One also has to calculate the various costs based on outcomes and then compare these costs to determine the best path forward.

In conclusion, a cost-benefit analysis has one identifying outcomes and calculating and comparing costs.

<em>Find out more at brainly.com/question/16826587. </em>

7 0
3 years ago
Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the cur
Dmitry [639]

Answer:

The solution to these question is defined in the attached file please find it.

Explanation:

8 0
3 years ago
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