Which of the following statements are correct? According to fair value measurement, assets are carried at the present discounted value of the future net cash inflows the item is expected to generate in the normal course of the business. (b) According to the current value measurement basis, liabilities should be recorded at the amount paid or the fair value of the consideration given to acquire the liability at the time of their acquisition. (c) According to fair value measurement, liabilities are carried at the present discounted value of the future net cash outflows that are expected to be required to settle the liabilities in the normal course of business. (d) The most commonly adopted method to recognise and measure the elements of financial statements is the historic cost method. (e) According the current value measurement basis, assets should be recorded at the amount of proceeds received in exchange for the obligation. or in some circumstances at the amounts of cash or cash equivalents expected to be paid to satisfy the liability in the normal course of the business. A. b, c, d and e. B. a, b and c. C. a cand d. . D. a, b, c, d and e. E. c, d and e