According to IAS 29, the term "hyper-inflationary" means:
A) an annual inflation rate of 50%.
B) an annual inflation rate of 100%.
C) a cumulative inflation rate of 100% over a 3-5 year period.
D) it does not establish an absolute rate which is deemed to be hyper-inflation.

Question

Quizplus · Accepted Answer

IAS 29 does not specify an absolute rate for hyper-inflation but provides characteristics to identify it, such as a cumulative inflation rate approaching or exceeding 100% over three years.

According to IAS 29, the Term "Hyper-Inflationary" Means