Final answer:
The statement that Alexis Company would continue to list the land at the purchase price of $2000, rather than the appraised value of $2800, is true due to the adherence to the historical cost principle in accounting.
Step-by-step explanation:
The statement that Alexis Company would continue to list the land on its books at $2000 even though an appraiser provides a certified opinion that the market value of the land is $2800 is true. This is because, in accounting, assets are traditionally recorded at their historical cost. Historical cost is the original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In other words, it is the acquisition cost that is recorded, without adjusting for inflation or other value changes.
Accounting principles generally require that the assets are to be recorded at the price paid at the time of purchase, rather than updating this value to reflect any changes in the market. This is known as the historical cost principle. However, exceptions can occur if a decline in value is deemed to be permanent, in which case, a write-down of the asset may be necessary to acknowledge an impairment loss.