carolyn4858 carolyn4858

29-01-2021
Business

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The unit of measure concept a.is only used in the financial statements of manufacturing companies b.requires that economic data be reported in yen in Japan or dollars in the United States c.requires that different units be used for assets and liabilities d.is not important when applying the cost concept

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topeadeniran2 topeadeniran2

01-02-2021

Answer: b.requires that economic data be reported in yen in Japan or dollars in the United States

Explanation:

The unit of measure concept simply has to do with the standard convention that is used whereby there must be thesame currency used in recording transactions that takes place.

The concept requires that economic data be reported in yen in Japan or dollars in the United States. Therefore, the correct option is A.

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