The 'Efficiency Perspective' of Positive Accounting Theory Suggests That Firms

The 'efficiency perspective' of Positive Accounting Theory suggests that firms will:

A) Adopt the accounting methods that require the least resources to implement
B) Adopt the accounting methods that result in the highest reported earnings
C) Adopt the accounting methods that result in the lowest reported earnings
D) Adopt the accounting methods that best reflect the underlying economic performance of the entity