Which of the following is not a measurement basis as stipulated in the framework document?

Question

Quizplus · Accepted Answer

Materiality cost is not a measurement basis as stipulated in the framework document. The framework typically includes historical cost, current cost, and present value among its measurement bases, but not materiality cost. Materiality is a concept used to assess the significance of financial information's impact on decision-making, rather than a measurement basis.

Which of the Following Is Not a Measurement Basis as Stipulated