|
Title: Thirty years ago, Star Grocer Corporation purchased a building for its grocery store for $30,000. ... Post by: H3Ko on Aug 27, 2016 Thirty years ago, Star Grocer Corporation purchased a building for its grocery store for $30,000. Based on inflation estimates, the amount of the building has been adjusted in the accounting records. The building is now reported at $75,000 in Star Grocer's financial statements. Which of the following concepts or principles of accounting is being violated?
A) going concern assumption B) revenue realization concept C) cost principle D) economic entity assumption Title: Re: Thirty years ago, Star Grocer Corporation purchased a building for its grocery store for ... Post by: .unplugged. on Aug 27, 2016 Content hidden
Title: Re: Thirty years ago, Star Grocer Corporation purchased a building for its grocery store for $30,000. ... Post by: H3Ko on Oct 12, 2016 Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
|