Business Finance Homework Help
Business Finance Homework Help. i need help on this multiple choice problem please it says i can ask for free
Pastel Paint Company purchased land two years ago at a price of $250,000. Because the value of the land has appreciated to $400,000, the company has valued the land at $400,000 in its most recent balance sheet.
which is it???
a.The economic entity assumption
the full disclosure principle
the historical cost principle
the periodicity assumption
The realization (revenue recognition) principle
Business Finance Homework Help