C is corrent. The Consumer Price Index is used to compute information on a "constant dollar" basis. The index is used to restate financial statement elements to dollars which have the same purchasing power.
A is incorrect. The Consumer Price Index is used to compute information on a "constant dollar" basis. The index is used to restate financial statement elements to dollars which have the same purchasing power.
A is incorrect. The Consumer Price Index is used to compute information on a "constant dollar" basis. The index is used to restate financial statement elements to dollars which have the same purchasing power.
D is incorrect because information on a current cost basis would be restated using a specific, rather than a general price index.
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