After the General Balance- Related Objectives Are Understood, Specific Objectives

Multiple Choice

After the general balance- related objectives are understood, specific objectives for each account balance on the financial statements can be developed. Which of the following statements is true?

A) There must be two specific objectives for each general objective.
B) There should be at least one specific objective for each relevant general objective.
C) There will be only one specific objective for each relevant general objective.
D) There will be many specific objectives developed for each relevant general objective.