Câu 160: IIA-CIA-PART3: Certified Internal Auditor - Part 3 Business Analysis and Information Technology

Which of following best demonstrates the application of the cost principle?

1. A. A company reports trading and investment securities at their market cost.
2. B. A building purchased last year for $1 million is currently worth $1.2 million, but the company still reports the building at $1 million. — đáp án hiện tại
3. C. A building purchased last year for $1 million is currently worth $1.2 million, and the company adjusts the records to reflect the current value.
4. D. A company reports assets at either historical or fair value, depending which is closer to market value.