Which of the Following Does Whittington (2008)see as a Main

Multiple Choice

Which of the following does Whittington (2008) see as a main feature of the fair value view?

A) Stewardship,defined as accountability to present shareholders,is a distinct objective,ranking equally with decision usefulness.
B) Reliability is less important and is better replaced by representational faithfulness,which implies a greater concern for capturing economic substance,and less with statistical accuracy.
C) Present shareholders of the holding company have a special status as users of financial statements.
D) Future cash flows may be endogenous: feedback from shareholders and markets in response to accounting reports may influence management decisions.