Worldatwork Exam T7 Topic 3 Question 27 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 27
Topic #: 3

Which of the following is a disadvantage of reporting assets at historical cost?

AHistorical cost is not objective

BHistorical cost is not particularly relevant to most readers

CHistorical cost is subject interpretation, and therefore to bias

DHistorical cost is not verifiable

Show Suggested Answer

Suggested Answer: B

by Joanna at May 06, 2022, 03:59 AM

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