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.

---

Definitions:

Approach-Approach Conflict

A psychological dilemma involving the choice between two desirable outcomes, causing stress or indecision.

Approach-Avoidance Conflict

A psychological struggle experienced when an individual is attracted to and repelled by the same goal or object at the same time.

Car Loan

A financial agreement in which a lender provides money to a borrower for the purpose of purchasing a car, to be repaid with interest over an agreed period.

Approach-Avoidance Conflict

A situation where a single goal or option has both attractive and unattractive aspects, leading to internal conflict about pursuing it.