Discuss: a. the arguments for making price-level adjustments (in addition to specific price adjustments); b. the advantages
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Discuss: a. the arguments for making price-level adjustments (in addition to specific price adjustments); b. the advantages and disadvantages of making a single general price level adjustment to the profit statement for real terms (as opposed to calculations of real holding gains and losses on individual assets).
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Related Book For 
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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