Which of the following is correct?
A. Reported accounting numbers do not affect the transfer of resources.
B. Credit rating agencies use accounting information to assess their assets.
C. Efficient capital markets promote productivity and encourage innovation.
D. Efficient capital markets promote productivity but do not encourage innovation.
Answer:C
Which of the following is correct?
A. Reported accounting numbers do not affect the transfer of resources. B. Credit rating agencies use accounting information to assess their assets. C. Efficient capital markets promote productivity and encourage innovation. D. Efficient capital markets promote productivity but do not encourage innovation.