True) or (False)? The monetary unit principle is the broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years.

The monetary unit principle is the broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years.

False.

Explanation:

This accounting assumption is based on the use of money  as a unit of measurement.  The monetary unit principle assumes that all transactions or economic events recorded in the accounts of an entity can be expressed and measured in monetary terms or currency, like the dollar.  The principle ascribes some stability and trust in the monetary units.  What is actually described above is the periodicity concept.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.