__________ is the method were all assets and liabilities are recorded on a balance sheet according to the cost of replacing them rather than their historical costs.

Related MCQs

• The _____________ account appear in the Balance Sheet of the Holding company at the time of consolidation.
• ______________ is a term used in the field of accounting which measures the environmental and natural resources accounting, which tends to incorporate the natural and environmental assets of the firm and it’s resources.
• _________ highlights both the contribution of business enterprises to economic wellbeing and the costs imposed in the form of pollution or resource degradation.
• ______________ is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
• ________________accounting is the process by which companies and organizations record the financial impact of agreements to rent or finance the rights to use specific assets.
• ____________ aims to measure and inform the general public about the social welfare activities undertaken by the enterprise and their effects on the society
• ________________ provides information to the management regarding human resource cost and value.
• A ____________ is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.
• All business combinations must be treated as _________ for accounting purposes.
• The objective of ________________is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosures to apply in relation to finance and operating leases.