Q.The financial statements do not exhibit :

Financial statements report only items that can be measured in money; hence they do not exhibit non-monetary data, so the answer is option (b).

The accounting money-measurement concept requires that only transactions and facts expressible in monetary terms be recorded. As a result:

• Financial statements happily show short-term data (current assets/liabilities), long-term data (fixed assets, long-term loans) and past data (they are historical records of completed transactions). …