4. How many of the following statements are correct? (I). Many companies use stock repurchase to substitute for dividend payments. (II). Companies weighs the benefits against costs when making accounting choice and policies. (III). Net income is superior to operating income in assessing the company's long-term profits. (IV). Apple's PE ratio is lower than Google because the market believes Apple has greater growth potential. (V). It is common for companies to have both high asset turnover and high profit margin. A. Two B. Three C. Four D. Five Principles of AccountingA314