The amount at which an item would be recorded assuming no mistakes in judgment or incorrect applications of generally accepted accounting principles were made is the
A) audited value.
B) expected misstatement.
C) recorded value.
D) tolerable misstatement.

Question

Quizplus · Accepted Answer

The Answer of The amount at which an item would be recorded assuming no mistakes in judgment or incorrect applications of generally accepted accounting principles were made is the
A) audited value.
B) expected misstatement.
C) recorded value.
D) tolerable misstatement.

The Amount at Which an Item Would Be Recorded Assuming