TOA 1. When an economy ceases to be hyperinflationary, an entity - TopicsExpress

TOA 1. When an economy ceases to be hyperinflationary, an entity shall discontinue the preparation and presentation of financial statements under a condition of hyperinflationary economy. Thus the amount expressed in the measuring unit current at the end of the previous reporting period shall be the a. the present Value amount in the subsequent financial statement. b. the carrying amount in the subsequent financial statement. c. the fair value amount in the subsequent financial statement. d. the historical Value amount in the subsequent financial statement.

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