Q21 Which of the following is a suitable benefit to HCA?O a. The profits of HCA are so unrealisticO b. HCA is the only best available option to accounting people oraccounteesO c. The users of financial statements could know exactly thetransacted value of assets and ligbilities easily under HCAO d. None of these options are suitoable

Historical cost accounting (HCA) is the accounting method in which recording of transactions and…

Which of the following is a suitable benefit to HCA? a. The profits of HCA are so unrealistic O b. HCA is the only best available option to accounting people or accountees The users of financial statements could know exactly the transacted value of assets and ligbilities easily under HCA d. None of these options are suitable

Which of the following is a suitable benefit to HCA? a. The profits of HCA are so unrealistic O b. HCA is the only best available option to accounting people or accountees The users of financial statements could know exactly the transacted value of assets and ligbilities easily under HCA d. None of these options are suitable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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