[Answered] The unit of measurement concept requires that economic data be recorded in dollars. a. True b. ...

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Author Question: The unit of measurement concept requires that economic data be recorded in dollars. a. True b. ... (Read 66 times)

HCHenry

Hero Member
Posts: 591

on: Jul 6, 2018

The unit of measurement concept requires that economic data be recorded in dollars.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The cost concept is the basis for entering the purchase price into the accounting records.
a. True
b. False

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

abro1885

Sr. Member
Posts: 337

Reply #1 on: Jul 6, 2018

Answer to Question 1

True

Answer to Question 2

True

HCHenry

Member
Posts: 591

Reply 2 on: Jul 6, 2018

Excellent

ricroger

Member
Posts: 352

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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