Answer
(h) 3. Monetary unit assumption.
Work Step by Step
Monetary unit assumption holds that the value of the dollar is stable and therefore does not depreciate in value, thus having a stable purchasing power.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 73: E2-6h
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