Which of the Following Is $\underline{not}$ A Finding or Conclusion of the Research Study by Ou

Which of the following is $\underline{not}$ a finding or conclusion of the research study by Ou and Penman that used traditional accounting measures to predict whether a company's income would increase or decrease?

A) The researchers were unable to describe the following year earnings changes correctly in most cases.
B) Markets are not as efficient as efficient-market advocates would like to believe.
C) Better accounting standards might improve the predictive ability of accounting information.
D) Fundamental analysis is still important for investment purposes.