Which of the Following Is Not a True Statement Regarding

Multiple Choice

Which of the following is not a true statement regarding ARS 1 and ARS 3?

A) The authors were commissioned to find postulates and principles that would lead to a measure of true income.
B) The postulates were not complete and could not exclude all value systems other than the one prescribed in the principles.
C) The authors were able to identify a single concept of income that was superior to others.
D) Nothing is said about the users of accounting information and what their needs and abilities might be.