Which of these is not a criticism of historical cost accounting Select one: a. It is not objective and is open to manipulation O b. It has been used by business over many centuries O c. Historical cost overstates profit in times of rising prices O d. It relegates the balance sheet to a secondary position Which measurement was agreed as the best basis of measurement by the IASB and the FASB? Select one: O a. Historical cost o b. Fair value O c. Exit price O d. Entry price