Why is it important that, in countries with high inflation, financial statements be adjusted for inflation?

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Why is it important that, in countries with high inflation, financial statements be adjusted for inflation?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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International Accounting

ISBN: 978-0077862206

4th edition

Authors: Timothy Doupnik, Hector Perera

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