Solved

What Was the Main Recommendation of SAP 1 Current Cost

Question 8

Multiple Choice

What was the main recommendation of SAP 1 Current Cost Accounting,issued in Australia in November 1983?


A) That companies disclosed information on profit from continuing operations on a current cost basis for the current financial year
B) That companies are not required to report historical cost information if they have disclosed current cost information
C) That companies presented supplementary current cost accounting statements in addition to historical cost financial statements
D) That companies used current cost for the main financial statements and historical cost as supplementary data

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions