Which of the Following Is Not an Accurate Description of the Controversies

Which of the following is not an accurate description of the controversies surrounding the fair value option?

A) Advocates argue that accounting-induced volatility is eliminated and financial statement transparency is improved.
B) Proponents argue that opportunities are enhanced for companies to manipulate their earnings and balance sheet.
C) Proponents argue that companies that can use the fair value option in situations where there is not necessarily a relationship between the financial assets and liabilities which promotes the opportunity to manage earnings.
D) Advocates argue that financial reporting is more accurate and transparent for those companies in financial distress.