In accordance with the cost principle, brokerage fees should be added to the cost of an investment.

Name: In accordance with the cost principle, brokerage fees should be added to the cost of an investment.
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Quizplus · Accepted Answer

The cost principle states that assets should be recorded on the financial statements at their original cost, including any necessary fees or expenses incurred to acquire the asset. Therefore, brokerage fees should be added to the cost of an investment.

In Accordance with the Cost Principle, Brokerage Fees Should Be