Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 4.00

Generally Accepted Accounting Principles

One of the key Generally Accepted Accounting Principles (GAAP) is the "cost principle". The cost principle is the general concept that you should only record an asset, liability, or equity investment at its original acquisition cost.

 

1. What are the strengths and weaknesses of the cost principle?

 

2. What would you propose as an alternative to the cost principle?

 

3. What are the strengths and weaknesses of your proposed alternative?

Please answer all questions. Thank You

Answers

(5)
Status NEW Posted 12 Aug 2017 12:08 AM My Price 4.00

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