Final answer:TheGAAPmixed attribute measurement model consists of historical cost, current cost, realizable (settlement) value, current market value, and present (discounted) value. These attributes helpdeterminethe value of assets and liabilities on the financial statements.Explanation:The GAAP (Generally Accepted Accounting Principles) mixed attributemeasurementmodel incorporates several attributes that are applied to measuring the different assets and liabilities on the financial statements. In this model, measurements can be classified in several ways depending on the nature of the item and the relevance of the information. Below are five attributes of GAAP mixed attribute measurement model:Historical cost: An asset is recorded at the cost paid to acquire it; liabilities are recorded at the amounts of proceeds received in exchange for the obligation, reflecting the amount at the time of the transaction.Current cost: Assets are shown at the amount of cash or its equivalent that would have to be paid if the same or an equivalent asset was acquired currently.Realizable (settlement) value: Assets are recorded at the amount of cash into which the asset could be converted in the normal course of business. For liabilities, it is the undiscounted amount of cash expected to be paid to satisfy the liabilities in the normal course of business.Current market value: Indicates the amount at which the assets could be exchanged, or the liabilities settled, between knowledgeable, willing parties in an arm's length transaction.Present (discounted) value: Assets and liabilities are recorded at present values of future cash flows discounted at a market rate of interest.Whether criteria formeasurementare as strict for an expected result as for an unexpected result depends on the situation. Generally, the consistency and reliability of information are paramount, so strict criteria apply regardless of the outcome's predictability.Learn more about GAAP mixed attribute measurement model here:brainly.com/question/28544077#SPJ11...

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