Lola P.

asked • 10/07/21

Accounting Question Help

  1. Please explain what the following statement means in detail if you can, thank you.

The actual cost of assets or services is usually more reliable than market value.

NOTE: Consider the conflict between information that is timely (based on estimates) and reliable that may require additional time to ensure accuracy that may render the statements irrelevant.

1 Expert Answer


Jesse S. answered • 10/07/21

5.0 (79)

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Lola P.

Thank you so much.


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