What does the accountant do in recording assets and liabilities according to the stable-monetary-unit concept?
A. He simply adds all the amounts together.
B. He puts the assets and liabilities on the balance sheet objectively.
C. He makes restatement if the value of money depreciates.
D. He records the assets and liabilities on the balance sheet ignoring the change in purchasing power value of the currency.
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A.independenceB.helpC.guidanceD.dependence
A. independence
B. help
C. guidance
D. dependence
When the supply for a certain service is less than the demand on the market, the requirement by the importer to get a bond is much ______.
A. easier
B. more difficult
C. more happier
D. the same
What does an asset mean on the balance sheet?
A. It means all the assets recorded in a period of time.
B. It means the sum of all the individual asset amounts added over time.
C. It means the individual dollar amount.
D. It means accounting information expressed in special terms.
Why does the exporter usually insist on the buyer establishing a credit in his favor before shipment is unloaded?
A. To collect the proceeds.
B. To draw drafts.
C. To revoke the contract.
D. To reduce the possible risk.