MONETARY UNIT ASSUMPTION - A COMMON DENOMINATOR IS NEEDED TO MEASUR...

2. - SOLUTION MANUAL FOR FINANCIAL ACCOUNTING 2ND EDITION BY SPICELAND
SOLUTION MANUAL FOR FINANCIAL ACCOUNTING 2ND EDITION BY SPICELAND
2. Monetary unit assumption - A common denominator is needed to measure all elements.The dollar in the United States is the most appropriate common denominator to expressinformation about financial statement elements and changes in those elements.