if the form has a NEGATIVE beginning balance of net monetary assets as $ (50,000), during the year the firm has $ 250,000 inflows and $ (120,000) as an outflow. the CPI for the beginning of year, the average of year and end of year were 150, 160 and 170 respectively. The loss from purchasing power is:

a. $883

b. $1,458

c. other amount

d. $1,176

inconsistency in accounting method can be applied in case in giving more faithful representation

Select one: True False