Which of the Following Statements Regarding Inflation and Accounting Is

question 48

Multiple Choice

Which of the following statements regarding inflation and accounting is false?

• A) The SEC requires U.S.companies to present supplemental financial information adjusted for the effects of inflation.
• B) Instability of the measuring unit that is the currency occurs in countries with rampant inflation.
• C) In some in Latin American and South American countries, companies have been required to
• Adjust their financial statements to take into account the effects of inflation.
• D) The FASB developed rules for companies in the United States to use to adjust for inflation.

---

Definitions:

Body Image

Body image is an individual's perception, thoughts, and feelings about their own body's appearance, which can influence self-esteem and behavior.

Set Point

A theory suggesting that an individual's body weight is regulated at a predetermined, or 'set', point by the brain, making long-term weight loss challenging.

Dieters

Individuals who follow a specific diet plan to lose, maintain, or gain weight.

Hypothalamus

A small region of the brain that plays a crucial role in many important functions, including hormone release and regulation of hunger and thirst.