The lower of cost or net realizable value rule is an application of? a) Matching principle b) Monetary unit assumption c) Going concern concept d) Conservatism principle
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- In general it argued that the lower of cost of market rule is supported most closely by which of the following theoretical assumptions? a. Revenue Recognition.b. Conservatism.c. Historical Cost.d. Going Concern Assumption.Which of the following costs is relevant for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical costDefine the term capitalized cost?
- Which of the following statement is correct for relevant costs? a.It is avoidable, future and measured by cash b.It is avoidable, future and measured by profit c.It is unavoidable, future and measured by cash d.It is unavoidable, future and measured by profitThe W.A.C.C. is a : a Composite opportunity cost metric b Simple opportunity cost metric c Risk-adjusted discount rate under all circumstances d Non-stochastic discount rate under all circumstancesExplain assumptions related to monetary unit?