How is inflation handled in financial statementsa currently, Ask an Expert

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How is inflation handled in financial statements?

a. Currently, under SFAS No. 33, companies are required to provide additional info on the effects of changing prices.

b. Since inflation has been low in the United States, any impact of inflation is not material to the financial statements, therefore it does not have to be disclosed in the financial statements.

c. Financial statements should be restated to eliminate the effects of inflation.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92166249

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