Which of the following events resulted in shareholders' beginning to question whether accounting and reporting practices were adequate to assess investments?
A)The stock market crash of 1929
B)The federal government's lump-sum payments for the retirement of Liberty Bonds
C)The creation of the SEC in 1934
D)None of the above

Question

Quizplus · Accepted Answer

The stock market crash of 1929 resulted in shareholders' beginning to question whether accounting and reporting practices were adequate to assess investments, as it exposed the flaws in these practices and led to a loss of confidence in the financial system.

Which of the Following Events Resulted in Shareholders' Beginning to Question