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  • 04-01-2021
  • Business
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The stable dollar assumption is that fluctuations in the value of the dollar are significant and may not be ignored.
a) true
b) false

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Martebi
Martebi Martebi
  • 05-01-2021

Answer:

Option b: False

Explanation:

Stable dollar assumption is also called monetary unit assumption.

The monetary unit assumption needs include in the accounting records only transaction data that can be used in terms of money.

This standard requires that only those things that can be expressed in money are included in the accounting records. So, some information for decision makers such as the word customer satisfaction, measurements are NOT reported in the financial statement.

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