For each item described below, choose the constraint of FASB's Conceptual Framework that best applies to the situation.
(I) Agricultural companies use fair value for purposes of valuing crops despite the fact that lower-of-cost-or-market (LOCOM) rule is required for virtually all other entities
(II) Interim reporting generally require less “precision” than annual reporting. For example, estimations methods are allowable for interim reporting inventory counts but not for annual counts
(III) No information shall be required to be reported unless the benefits derived from it exceed the cost of providing it
(IV) Oil and gas companies in the U.S. are allowed to use either the full cost or successful efforts approach to account for their drilling operations