Which of the following is normally used by Canadian companies as a unit of measure for financial reporting?

Question

Quizplus · Accepted Answer

Nominal value is the most commonly used unit of measure for financial reporting by Canadian companies. This means reporting numbers in their actual, unadjusted amounts. Inflation-adjusted or constant dollar reporting may also be used, but it is less common. The discounted value of the Canadian dollar and its value when converted to the U.S. dollar are not units of measure for financial reporting.

Which of the Following Is Normally Used by Canadian Companies