Step 1: Understanding the Concept
For an invertible matrix, \(\text{adj }A=|A|A^{-1}\) and \(|A^{-1}|=\dfrac{1}{|A|}\).
Step 2: Statement I
\(\text{adj }A^{-1}=|A^{-1}|\,(A^{-1})^{-1}=\dfrac{A}{|A|}\).
Then \(A(\text{adj }A^{-1})=\dfrac{A^{2}}{|A|}\), so (I) is true.
Step 3: Statements II and III
\((\text{adj }A^{-1})^{-1}=\left(\dfrac{A}{|A|}\right)^{-1}=|A|A^{-1}\), not \(\dfrac{1}{|A|}A^{-1}\), so (II) is false.
\(\text{adj }A=|A|A^{-1}\), not \(\dfrac{1}{|A|}A^{-1}\), so (III) is false.
Step 4: Compare the options
Only statement (I) is correct.
Final Answer:
Only statement (I) is correct.
\[ \boxed{\text{(A) }\text{only (I)}} \]