All of the following statements are true about inflation except:
A) U.S.companies no longer present financial information adjusted for the effects of inflation.
B) In recent years, inflation has been more rampant in Latin America and South America than the rest of the world.
C) The FASB developed rules for companies in the United States to use to adjust for inflation.
D) The U.S.and Germany adjust their financial statements for inflation.

Question

Quizplus · Accepted Answer

The U.S. and Germany do not typically adjust their financial statements for inflation, as they do not experience hyperinflationary environments that would necessitate such adjustments.

All of the Following Statements Are True About Inflation Except