Which of the following is a true statement?
A)Asset-liability advocates are not prepared to tolerate a fluctuating income statement that may include unrealized holding gains and losses.
B)Asset-liability advocates and revenue-expense advocates are polarized in part because the financial statements are non-articulated.
C)Revenue-expense proponents are prepared to introduce deferred charges and deferred credits in order to smooth income measurement.
D)With articulation, it is possible to have a revenue-expense-based income statement and an asset-liability-based balance sheet.

Question

Quizplus · Accepted Answer

Revenue-expense proponents often use deferred charges and credits to smooth income, aligning with their focus on matching revenues and expenses.

Which of the Following Is a True Statement