Which of the following is not a possible outcome of postulate C-4, stability of the monetary unit?
a. If purchasing power of the monetary unit is not stable, some form of inflation accounting is appropriate.
b. If purchasing power of the monetary unit is not stable, historical cost is still justified.
c. If purchasing power of the monetary unit is stable, a system of current values is justified.
d. If purchasing power of the monetary unit is stable, retention of historical cost is justified.
ANSWER: B
You might also like to view...
What are the two primary goals of screening interviews?
What will be an ideal response?
The brand promise will not be delivered unless everyone in the company lives the brand
Indicate whether the statement is true or false
How would a weak Swiss franc benefit a Swiss entrepreneur who exports much of his product?
What will be an ideal response?
There exists a single international court and legal system capable of resolving all commercial disputes between private parties
Indicate whether the statement is true or false