Since 2003, What Method for Supplemental Disclosure of Inflation-Adjusted Financial

Multiple Choice

Since 2003, what method for supplemental disclosure of inflation-adjusted financial statements is required of all companies affected by the IASB standards?

A) No rule is currently in place that generally requires inflation-adjusted financial statements.
B) General purchasing power method must be used.
C) Current replacement cost method must be used.
D) Companies have the option of using current cost or historical cost.