The ________ ignores inflation.
A) economic entity concept
B) monetary unit assumption
C) historical cost assumption
D) business entity concept

Name: The ________ ignores inflation. A) economic entity concept B) monetary unit assumption C) historical cost assumption D) business entity concept
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Question

Quizplus · Accepted Answer

The monetary unit assumption ignores inflation. It assumes that the purchasing power of the monetary unit is stable over time, which is not always the case.

The ________ Ignores Inflation