Balance sheet at 31,Dec,2019 has inventory balance of $130,000 when CPI was 105. the CPI for the average of 2019 is 110 and at the end of year is 115. if the current purchasing power accounting is used. the value should be stated for the inventoryas:

a. 135,909

b. 136,190

c. 140,381

d. 130,000

physical capital maintenance assumes that income just recognized if:

a. No answer mentioned is true

b. Capital is at the end of year exceeds the beginning of the year

c. the operating capacity is at the end of year exceeds the beginning of the year

d. Net assets are at the end of year exceeds the beginning of the year

economic value is the selling price less the cost of sales

Select one: True False