Financial capital maintenance refers to the concept that capital is viewed in terms of ________.
A) the comprehensive income
B) the changes in equity for the period
C) the monetary investment in the company
D) the closing cash account

Question

Quizplus · Accepted Answer

Financial capital maintenance is concerned with maintaining the monetary investment in the company, ensuring that the capital at the end of the period is not less than the capital at the beginning, after accounting for distributions to and contributions from owners.

Financial Capital Maintenance Refers to the Concept That Capital Is