Q148
American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of:
A.
Stable monetary unit concept
B.
Unit of measurement concept
AnswerC.
Money value concept
D.
Current swap concept
Answer: Option B
Solution
Answer: Option B
Solution:
American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of Unit of measurement concept.