(CMA Adapted, Dec 94 #5) Several Alternatives Have Been Identified $\text { Present Value\quad Current Cost \quad Net Realizable Value }$

question 59

Multiple Choice

(CMA adapted, Dec 94 #5) Several alternatives have been identified for measuring items on the statement of financial position.Which of the following alternatives may be used?
$\text { Present Value\quad Current Cost \quad Net Realizable Value }$

• A)\(\text { No } \quad \text { No } \quad \text { No }\)
• B)\(\text { No } \quad \text { Yes } \quad \text { Yes }\)
• C)\(\begin{array}{lll}
• \text { Yes } & \text { Yes } & \text { No }
• \end{array}\)
• D)\(\text { Yes } \quad \text { Yes } \quad \text { Yes }\)
• E)\(\begin{array}{lll}
• \text { Yes } & \text { No } & \text { Yes }
• \end{array}\)