Which of the following statements regarding the limitations of income statements is NOT correct? A). The application of GAAP is optimal. B) Income measurement involves the use of estimates. C) Income numbers are affected by the accounting methods used. D) When items cannot be measured reliably, those items are not reported. What standard did the IASB recently reintroduce in order to address the pre-existing tendency that companies have to overstate net assets and net income? A) representational faithfulness B) sustainability reporting C) dynamic materiality D) conservatism