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Why Is the Use of the U

Question 50

Multiple Choice

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.

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