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

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) $\begin{array}{lll}\text { Yes } & \text { No } & \text { Yes }\end{array}$