In Brazil, for 20 years during the last half of the 20^th century

Question

Quizplus · Accepted Answer

The statement mentions that in Brazil, for 20 years during the last half of the 20th century, a general indexation approach was used to restate historical costs in terms of current purchasing power. This indicates that they did not use current cost accounting or SFAS 33, and while it's not clear whether company law required current replacement cost reports, the statement does not mention it as a key feature. Therefore, the best choice is A - a general indexation approach to restate historical costs in terms of current purchasing power.

In Brazil, for 20 Years During the Last Half of the 20th

In Brazil, for 20 Years During the Last Half of the 20^th