Which of the Following Is a True Statement

Multiple Choice

Which of the following is a true statement?

A) Under the articulated concept, accounting elements are defined using the revenue-expense approach rather than the asset-liability approach.
B) The articulated approach severs the mathematical relationships between the balance sheet and income statement.
C) Under the articulated approach, contributed capital, retained earnings, and unrealized capital adjustments are subclassifications of owners' equity.
D) Recent SFASs have advocated the non-articulated approach to financial statements.