Question: Which statement is false? Mexico has retained the requirement to provide inflation - adjusted financial disclosures under certain conditions. The General Price Level Adjusted Model

Which statement is false?
Mexico has retained the requirement to provide inflation-adjusted financial disclosures under certain conditions.
The General Price Level Adjusted Model (GPLA) uses price indices to adjust for general changes in the purchasing power of a country's monetary unit.
Under the Current Cost-Adjusted Model expenses are recorded based upon the historical cost rather than the current replacement cost of the assets employed.
Inflation causes a silent tax increase.
All of the above statements are true.

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