The cost principle states that: a. assets should be recorded at cost and adjusted when the market
Question:
The cost principle states that:
a. assets should be recorded at cost and adjusted when the market value changes.
b. activities of an entity be kept separate and distinct from its owner.
. assets should be recorded at their cost.
d. only transaction data capable of being expressed in terms of money be included in the accounting records.
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Related Book For 
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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