Which of the Following Statement(s) Is(are) Correct

Multiple Choice

Which of the following statement(s) is(are) correct?

A) Companies that use the disclosed basis of accounting are in effect using differential reporting.
B) Companies that use the disclosed basis of accounting are NOT allowed to use differential reporting.
C) When used, the disclosed basis of accounting must comply with GAAP.
D) Both "companies that use the disclosed basis of accounting are NOT allowed to use differential reporting" and "when used, the disclosed basis of accounting must comply with GAAP" are correct.