Which of the Following Statements Is True Regarding ARS 3

Multiple Choice

Which of the following statements is true regarding ARS 3?

A) One of its principles states that revenue is earned by the entire process of operations of the firm rather than at the point of sale.
B) All of its principles were derived from the postulates of ARS 1.
C) The asset valuation measures prescribed are additive.
D) One of the main criticisms aimed at ARS 3 relates to its advocating the exit-value approach to asset valuation.