The overlap rule specifies that if an entity instance of the supertype is a member of one subtype, it can simultaneously be a member of two (or more) subtypes

The matching principle, as applied to bad debts, requires

A. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions B. the use of direct write-off method for bad debts C. the use of the allowance method of accounting for bad debts D. that bad debts be disclosed in the financial statements

The value of a product can only be assessed relative to the next best alternative product

Indicate whether the statement is true or false