AHIP Health Plan Finance and Risk Management AHM-520 Question # 65 Topic 1 Discussion

AHIP Health Plan Finance and Risk Management AHM-520 Question # 65 Topic 1 Discussion

AHM-520 Exam Topic 1 Question 65 Discussion:
Question #: 65
Topic #: 1

This concept, which holds that a company should record the amounts associated with its business transactions in monetary terms, assumes that the value of money is stable over time. This concept provides objectivity and reliability, although its relevance may fluctuate.

From the following answer choices, choose the name of the accounting concept that matches the description.


A.

Measuring-unit concept


B.

Full-disclosure concept


C.

Cost concept


D.

Time-period concept


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