Why is the use of the U.S.dollar as a unit of measure for financial statement data in the United States widely accepted?
A) The U.S.dollar remains stable over a long period of time.
B) The U.S.dollar is universally recognized as a reliable financial measure.
C) The U.S.dollar is the medium of monetary exchange in the United States.
D) The U.S.dollar is required for financial statement presentation by the FASB and SEC.
Correct Answer:
Verified
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