Select the statement that is TRUE.

Select the statement that is TRUE.

The balance sheet is a dynamic model with respect to measurement $($all items are recorded at intrinsic value$).$

The balance sheet is a mixed model with respect to measurement $($some items are recorded at historical cost, while others are not$).$

The balance sheet is a historical cost basis model with respect to measurement $($all items are recorded at historical cost$).$

The balance sheet is a replacement cost basis model with respect to measurement $($all items are recorded at replacement cost$).$