Which of these measurement attributes is not currently used in practice?
A) historical cost
B) relevant cost
C) current market value
D) current cost
E) present value

Name: Which of these measurement attributes is not currently used in practice? A) historical cost B) relevant cost C) current market value D) current cost E) present value
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Relevant cost is a concept used in decision-making rather than a measurement attribute for financial reporting.

Which of These Measurement Attributes Is Not Currently Used in Practice