Cash is always measured for the balance sheet at
A)future transaction value.
B)current market value.
C)realizable future value.
D)net transaction value.

Question

Quizplus · Accepted Answer

Cash is typically measured at its current market value, which is easily determined and reflective of the most accurate representation of the cash's worth at a given point in time. It is not measured at future transaction value, as this value is uncertain and subject to change. Realizable value may also be a consideration, but it is not the primary method of measuring cash for accounting purposes. Net transaction value is not a term typically used in accounting.

Cash Is Always Measured for the Balance Sheet at