Which of the following statements is/are true of accounting data?

I. Accounting data's focus is on resources that are more likely to provide the firm with temporary competitive advantage.

II. Accounting data users assume that historical performance is a good proxy for future performance. *

III. Accounting data alone is not sufficient to have an objective view on firm performance.*

Select one:

II and III

I and III

I, II, and III

I and II