The Reasons the Promotion of Alternative Accounting Models to Historical

question 10

Multiple Choice

The reasons the promotion of alternative accounting models to historical cost did not succeed include:

• A) There was a lack of agreement as to which model was the best
• B) The fact that such a change would have been extremely radical and costly
• C) The fact that such a change would create huge economical consequences, and therefore those affected would lobby to protect their self-interest
• D) All of the given options are correct.

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