Bus 475 final exam – set 2 / 100% correct answers / a+
BUS 475 Final Exam – Set2 1) The cost principle requires that when assets are acquired, they be recorded at __________.A. list price B. selling price C. exchange price paid D. appraisal value 2) “Generally accepted” in the phrase generally accepted accounting principles means that the principles __________.A. have been approved for use by the managements of business firmsB. have been approved by the Internal […]