Which of the Following Is Not a True Statement Regarding

question 50

Multiple Choice

Which of the following is not a true statement regarding ARS 1 and ARS 3?

• A)The authors were commissioned to find postulates and principles that would lead to a measure of true income.
• B)The postulates were not complete and could not exclude all value systems other than the one prescribed in the principles.
• C)The authors were able to identify a single concept of income that was superior to others.
• D)Nothing is said about the users of accounting information and what their needs and abilities might be.

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