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March 18, 2026The Accounting Review

Current Cash Equivalent, Additivity, and Financial Action.

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Authors

KLKermit D. LarsonCollege of AccountingRSR. W. SchattkeCollege of Accounting

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Implication

The article critiques current cash equivalents in accounting, questioning their additivity and implications.

Key Points

  • The article aims to critique R. J. Chambers' contributions to accounting theory, specifically focusing on additivity in measurement.
  • Briefly reviews the relevant parts of Chambers' system.
  • Discusses the technical requirement of additivity in measurement.
  • Analyzes whether Chambers' chosen property meets this requirement.
  • Explores the broader implications of the critique.
  • Current cash equivalent is concluded to be a nonadditive property.
  • Summation of individual asset prices assumes independent sales.
  • Questions the artificiality of allowing independent sales as a mode of combination.

Cite This Study

Larson et al. (1966) studied this question.

synapsesocial.com/papers/69ba43694e9516ffd37a4957https://doi.org/10.2308/tar-4508305
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1A Comment on the Larson-Schattke and Chambers Debate Over the Additivity of CCE .1975
  2. 2Chambers on Accounting Theory.1968
  3. 3What Happened to CCE?1976
  4. 4Continuously Contemporary Accounting- Additivity and Action.1967
  5. 5Measurement in Current Accounting Practices: A Reply.1972