Why does better disclosure improve_________ is needed as a cost-effective way to put limits on the manager's incentive to influence reported income by selecting from alternative policies. Question 18 options: An Audit GAAP Risk-Premium Internalizinghe sensitivity of net income? Question 17 options: Better disclosure increases the recognition lag of net income. Better disclosure increases a firm's cost of debt. Better disclosure reduces a firm's cost of equity capital. Better disclosure permits the compensation committee of a firm to get a better estimate of the persistence of a firm's net income

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