Which Method of Accounting for Inflation Must Be Used Under

question 11

Multiple Choice

Which method of accounting for inflation must be used under U.S.GAAP?

• A)Current Replacement Cost method
• B)General Purchasing Power method
• C)Both Current Replacement Cost and General Purchasing Power methods must be used
• D)Neither method must be used since inflation accounting is not required under U.S.GAAP.

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Regular engagement or application of a service, product, or facility.

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