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Why is income smoothing valuable? A. Any public company will be rewarded by the stock market through improved valuations. B For employee incentives based on

  1. Why is income smoothing valuable?

A. Any public company will be rewarded by the stock market through improved valuations.

B For employee incentives based on income, employees appreciate consistent incentive compensation.

C. Income smoothing distorts the financial results in the company

D. All of the above

E. None of the above

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