A Study by Speidell and Bavishi (1992)found That When Accounting

A study by Speidell and Bavishi (1992) found that when accounting statements of foreign firms were restated on a common accounting basis,

A) the original and restated P/E ratios were quite similar.
B) the original and restated P/E ratios varied considerably.
C) most variation was explained by tax differences.
D) most firms were consistent in their treatment of goodwill.
E) none of the above.