Which of these is not correct concerning measuring assets at their current cash equivalent?
A) Shareholders would be able to satisfy themselves that the business has maintained its capacity to adapt to change
B) A useful measure of solvency is provided
C) Information is provided to creditors about asset marketability
D) The measurement of performance is given pre-eminence over the measurement of financial position

Question

Quizplus · Accepted Answer

Measuring assets at their current cash equivalent provides information about the financial position of the business and its ability to meet its obligations, but it does not prioritize the measurement of performance over financial position. This statement is incorrect.

Which of These Is Not Correct Concerning Measuring Assets at Their