Fundamentally,liabilities are measured at their cash equivalent amount.

Name: Fundamentally,liabilities are measured at their cash equivalent amount.
Brand: Quizplus
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Quizplus · Accepted Answer

Liabilities are typically measured at their cash equivalent amount, which is the amount of cash or cash-like assets required to settle the liability in the normal course of business. This ensures that the liability is recorded at its fair value and reflects its current economic value.

Fundamentally,liabilities Are Measured at Their Cash Equivalent Amount