Which of the Following Is a True Statement

question 5

Multiple Choice

Which of the following is a true statement?

• A)Asset-liability advocates are not prepared to tolerate a fluctuating income statement that may include unrealized holding gains and losses.
• B)Asset-liability advocates and revenue-expense advocates are polarized in part because the financial statements are non-articulated.
• C)Revenue-expense proponents are prepared to introduce deferred charges and deferred credits in order to smooth income measurement.
• D)With articulation, it is possible to have a revenue-expense-based income statement and an asset-liability-based balance sheet.