Volume 23, Issue 1 pp. 91-92
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Boussard's ‘Effectiveness of Inflation Accounting Adjustments’: A Comment

PHILIP W. BELL

PHILIP W. BELL

P hilip W. B ell is a Professor of Accounting, Rice University, Houston, Texas.

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Abstract

Boussard's (1984) notion that Current Cost/Constant Dollar Accounting does not provide ‘meaningful rates of return’ when inflationary conditions are compared with non-inflationary conditions is based on a misleading example.

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