Business, 07.07.2020 22:01 estella09

Which of the following is not a finding or conclusion of the research study by ou and penman that used traditional accounting measure to predict whether a company's income would increase or decrease? a. The researchers were unable to describe the following year earnings changes correctly in most cases.
b. Markets are not as efficient as efficient-market advocates would like to believe.
c. Better accounting standards might improve the predictive ability of accounting information.
d. Fundamental analysis is still important for investment purposes.

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