Answer:
The statement is true
Explanation:
Unit of account is one of the important functions of money. An asset or a liability is valued in a particular currency. This helps in comparing different products, goods or services.
Similarly, Raymond is valuing a company's assets and liabilities in dollars so as to assign a value to the company. This will help investors compare the company's worth against other companies. So, company valuation is an example of unit of account function of money.
