Which of the Following Is Not a Feature of Current

question 19

Multiple Choice

Which of the following is not a feature of current cost accounting?

• A) It uses current values which could be based on present value, entry value (replacement) costs or exit value (selling) prices.
• B) It seeks to maintain the operating capability of capital.
• C) It uses specific prices of assets rather than general price-level adjustments.
• D) It seeks to maintain the purchasing power of capital.

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Definitions:

Statistical Functions

Functions built into software that perform calculations on data sets for the purpose of statistical analysis, such as mean, median, variance, and standard deviation.

COUNTIF

A function in spreadsheet applications that counts the number of cells within a range that meet a specified condition.

AVERAGEIF

An Excel function that calculates the average of all numbers in a range that meet specified criteria.

Financial Functions

Specific mathematical formulas used in spreadsheets or financial software to perform calculations related to finance, such as interest rates, payments, and investment returns.