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_________________assumes that the dollar is the "measuring stick" used to report on financial performance. (select an option) a. Periodcity assumption b. Monetary unit assumption c. Economic entity assumption d. Going concern assumption

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Answer:

The answer is: B) Monetary unit assumption

Explanation:

Monetary unit assumption refers to a concept used in accounting practices where all business transactions and related events can be measured and expressed in terms of monetary units. This is done since monetary units are stable and dependable. The only language businesses understand is money.

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