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.

Question

Quizplus · Accepted Answer

All of the given reasons were cited by Mirza and Zimmer (1999) as reasons for companies' reluctance to undertake upward asset revaluations.

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