Problem
1. What is meant by "information content" and how does capital market research determine the information content of accounting numbers?
2. What are some limitations of capital market research?
3. Describe the general findings from capital market research concerning the information content of accounting numbers and the effects of alternative accounting policies.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.