Complaints regarding the use of historical cost accounting include all of the following except:
A) historical cost accounting has led to companies overpaying taxes
B) historical cost accounting has led to misleading results during times of rising prices
C) profits have been overstated because of the use of historical cost accounting
D) it is a costly and burdensome method of record keeping to maintain

Question

Quizplus · Accepted Answer

Historical cost accounting is generally considered straightforward and not particularly costly or burdensome to maintain, unlike the other options which are common criticisms of this method.

Complaints Regarding the Use of Historical Cost Accounting Include All