Multiple Choice
Which of the following is not a negative consequence of regulating accounting?
A) A wealth transfer from non-users to users of accounting information.
B) The imposition of disclosure costs on the users of financial information.
C) A potential overallocation of social resources to the production of free, publicly available accounting information.
D) Benefits are received by the users of free accounting information while non-users implicitly incur the production costs.
Correct Answer:
Verified
Correct Answer:
Verified
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