The argument that is descriptive of exit price accounting is:
A)It takes into account the opportunity cost of holding assets
B)The values of non-monetary assets are adjusted to measure changes in the market selling prices of those assets
C)When considering the financial position of the firm and the results of the firm's operations changes in the general purchasing power of money is taken into account
D)All of the above

Question

Quizplus · Accepted Answer

Exit price accounting considers the opportunity cost of holding assets and adjusts the values of non-monetary assets to measure changes in the market selling prices. It also takes into account changes in the general purchasing power of money when analyzing a firm's financial position and results of operations. Therefore, all of the above options are descriptive of exit price accounting.

The Argument That Is Descriptive of Exit Price Accounting Is