Craig Sold Land for $1 200 000

Multiple Choice

Craig sold land for $1 200 000.He had initially purchased the land for $1 000 000,when the price index was 100.The price index at the end of the current period is 118.The adjusted cost is $1 180 000.The adjusted profit is $20 000 (compared with an historical cost profit of $200 000) .This is an example of:

A) Financial capital maintenance perspective
B) Purchasing power maintenance perspective
C) Physical operating capital maintenance perspective
D) None of the given options is correct.