Why are the balance sheet amounts for assets held for use in a business not changed from

Question:

Why are the balance sheet amounts for assets held for use in a business not changed from time to time to reflect changes in market values?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

Question Posted: