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Accounting & Finance
 Online Tutoring : Forum : Quiz Questions - Economics & Business Studies : Accounting & Finance
Topic Topic: Historical cost concept Post ReplyNew Question
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System
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Joined: 26 June 2005
Posts: 918
Posted: 21 November 2005 at 9:53am | IP Logged Quote System

QUIZ QUESTION #1672
The concept that requires assets and liabilities to be recorded at their original costs and not to be adjusted for change in value is the concept of...
    A.   quantifiability
    B.   historical cost
    C.   matching
    D.   materiality
    E.   conservatism
 QUIZ QUESTION #1672 created by Tutor11700 on 03 November 2005 at 9:26am

Correct answer: B    Correct clicks: 58.43%  Wrong clicks: 41.57%
 
    A.   [6 clicks 6.74%] 
 
    B.   [52 clicks 58.43%] 
 
    C.   [15 clicks 16.85%] 
 
    D.   [11 clicks 12.36%] 
 
    E.   [5 clicks 5.62%] 
 
Please discuss this quiz question.
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