All of the following statements are true, except: Select the correct answer below: Uncertainty about future inflation makes it hard to predict the value of some financial assets in the future. Moderate or high Inflation rarely poses substantial long-term planning problems for businesses. When saving for retirement, people need to consider what their money will really buy several decades in the future. It's very hard to predict the rate of future inflation.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of