Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
The scenario that demonstrates the money measurement principle are option A and D.
The money measurement principle is an accounting principle that a business should only record an accounting transaction if it is expressible in terms of money, implying that the focus of accounting transactions should be quantitative information and not qualitative information. Money measurement concept is important in the preparation of financial statements. In option A, the value of good employees cannot be accurately represented in monetary terms in the company's books. In option D, the increase in stock price cannot be accurately represented in monetary terms on the company's books. Hence, these demonstrate the money measurement principle.
Note: The question is incomplete. The complete question probably is: Which of the following demonstrates the Money Measurement principle? Select all that apply. (A) The catch-phrase for Carl's Consulting Company (CCC) is "Our employees are our biggest asset." However, if you look at the Balance Sheet of CCC, there is no such asset. (B) Upon successful completion of extensive flight tests for a new aircraft model, Boeing Aircraft sends an invoice to the customer per the terms of the contract and recognizes a portion of the revenue related to the order. (C) The HR Director at AQG Industries proposes a change to the employee benefits plan. The CEO rejects the proposal because it would change the relative cost of the benefits plans in AQG. (D) After winning a prestigious supplier of the year award, Mack Manufacturing saw an increase in their stock price. This increase does not appear on the company's financial statements.
Learn more about Accounting principle:
https://brainly.com/question/19819107
#SPJ4
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
