Explain the accounting implications of the following concepts about efficient securities markets:
a)Accounting information competes with other sources of information.
b)Accounting reports and standards can assume that users have a reasonable level of sophistication.

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The Answer of Explain the accounting implications of the following concepts about efficient securities markets:
a)Accounting information competes with other sources of information.
b)Accounting reports and standards can assume that users have a reasonable level of sophistication.

Explain the Accounting Implications of the Following Concepts About Efficient