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Hepworth’s article was evidently the first publication on income smoothing and is one of the primary reasons of the sudden influx of other accounting researchers to publish literature that had not previously been mentioned. In Hepworth article he first discusses the motivation for income smoothing and more importantly indicates several tactics that managers were able implement in order to smooth income due to the way in which income volatility can negatively affect company

Afterwards there were several accounting researchers that attempted to continue Hepworth’s theories based on income smoothing...

This included Charles E. Johnson in the following year of 1954 who argued in his article that regulators should use the income smoothing accounting method as a criterion for the selection of regulatory accounting requirements. However, Robert L. Dickens and John O. Blackburn in 1964 disagreed with Johnson’s article and thereby contradicted Johnson by stating that the criteria for accounting policy choice was, “To provide the best possible basis for the stockholders to project the earnings and financial condition of the corporation...

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accounting for income taxes Canadian Income Tax I Exponential smoothing Income Smoothing Income Tax Law Research Income Tax Research Income Tax Income Taxes Wage Income National Income Income Tax in India income Household Income Income GAPS Income Gap

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