Mirza and Zimmer (1999)found That Only a Small Number of Companies

question 55

Multiple Choice

Mirza and Zimmer (1999) found that only a small number of companies were undertaking upward asset revaluations.The reasons for their reluctance to undertake this practice included.

• A) A desire to remain 'small' in keeping with the political-cost hypothesis.
• B) Any revaluations made are not permitted to be recognised as income by the relevant accounting standard.
• C) In an attempt not to overstate assets management preferred not to revalue items which are subject to a great deal of uncertainty.
• D) All of the given answers.
• E) Any revaluations made are not permitted to be recognised as income by the relevant accounting standard; and, in an attempt not to overstate assets, management preferred not to revalue items which are subject to a great deal of uncertainty.

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