Preparation of a complete set of financial statements on a current value basis leads to which of the following conclusions?

Question $3$ options:

Under the real$-$world conditions in which accounting operates, net income is fully relevant and fully reliable

Under the real$-$world conditions in which accounting operates, net income exists as a well$-$defined economic construct.

Under the real$-$world conditions in which accounting operates, net income provides information that is equivalent to the information contained in the firm$$s share price.

Under the real$-$world conditions in which accounting operates, net income does not exist as a well$-$defined economic construct.