Comment briefly on the following remarks by a businessperson:

a. 'No one cares what our accounting policy choices are, because they have no effect on the price of the company's shares.'

b. 'Last year we sold some equipment that had a book value of $70000 for $54000. I was really angry at our CEO for losing $16000, and I nearly fired him.'

c. 'I don't allow our company to include any intangible assets on its balance sheet because I prefer a conservative balance sheet that doesn't contain questionable assets.'

d. 'Once we have established proper accounting policies, all those notes at the end of the financial statements are really an irrelevant nuisance.'