The Following Are Quotations That Concern a Company's Accounting Policies $\quad$

Multiple Choice

The following are quotations that concern a company's accounting policies.
I. $\quad$ 'I think this item will change the judgement of one or two people but not the judgement of a reasonable person.'
II. $\quad$ 'Different firms must disclose their accounting policies and methods because that makes the financial reports of those firms more useful to report users.'
III. $\quad$ 'When estimating the useful life of a piece of equipment one should use some caution in the estimation because of uncertainties that exist.'
IV. $\quad$ 'Under a contract of sale, one entity sold an asset to another entity and made a loss on sale.However, the vendor entity retained use of the asset and enjoys the benefits of ownership of the asset.'
-Which one of the statements refers mainly to the comparability doctrine?

A) I
B) II
C) III
D) IV