Why Has Inflation Accounting NOT Been Required in the United

question 50

Multiple Choice

Why has inflation accounting NOT been required in the United States and the United Kingdom since the 1980s?

• A)Accounting regulators in the U.S.and U.K.have not addressed the issue of inflation accounting in their pronouncements.
• B)Inflation has not been a significant problem in the U.S.and the U.K.since the 1980's.
• C)Accounting regulators could not agree on a method for adjusting financial statements for the effect of inflation.
• D)Corporations in the U.S and U.K.voluntarily report inflation-adjusted financial statements,making the regulations unnecessary.

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