Financial statements which are prepared according to the conventional or historical cost accounting system, therefore, do not reflect current economic realities.The statementexpresses the concerns about_______

a.

The historical costisnot a good method of preparingthe financialstatements

b.

The elements of financial statements are not shown at correct purchase valuesunder historical cost accounting

c.

The elements of financial statements are not shownattheir current marketvaluesunder historical costaccounting

d.

The elements of financial statements are shownattheir current market valuesunder historical cost accounting