Journal of Accounting Education

EDITOR

E. Kent St. Pierre School of Accounting James Madison University Harrisonburg, VA 22807

MANUSCRIPTS EDITOR Asht0n C. Bishop School of Accouming James Madison University Harrisonburg, VA 22807

ASSOCIATE EDITORS:

James A. Anderson California Polytechnic State University

Richard E. Bak~ Northern Illinois University

EDITORIAL BOARD:

Joseph H. Anthony Michigan State University

A. Faye Borthick University of Tennessee

Mehmet Canlar Plymouth State College

William K. C.m'ter University of Virginia Fred G. Davis University of North Texas

Curtis L. DeBerg California State University-Chico Eric Derma Brigham Young University

Karen A. Forfin University of Miami

Rebecca A. Ga lhn University of Houston-Clear Lake

Ray H. Garrison Brigham Young University

Dahli Gray American University

Lawrence H. Hammer Oklahoma State University

James E. Rebele Rutgers University

Bradley M. Roof James Mack'son University

Thomas W. Hall University of Texas at Arlington

Don R. Hansen Oklahoma State University

Roger H. Hermanson Georgia State University

Hartwell C. Herring, l i t University of Tennessee

Thomas P. Howard University of Missouri-Columbia Alan P. Johnson California State University

Amy H. Lau Oklahoma State University

W. Thomas Lin Univ. of Southern California

David Maloney University of klrginia

Gale E. Newel/ Western Michigan University

Pekin Ogan Indiana University

Kurt J. Party Arizona State University

Kevin D. Stocks Brigham Young University

David E. Stout Villanova University

James M. Reeve University of Tennessee

Debra L. Sanders Washington State University

Bill N. Schwartz Temple University

Hem 7 R. Schwarzbach University of Rhode Island

Robert E Sharp Otu'o University

Paul J. Street University of Georgia Mikel G. Tiller Indiana University

Thomas N. Tyson Clarkson University

Milton E Usry University of West Florida

Thomas C. Waller University of Hou~ton-Clear Lake

Ray O. Whittington San Diego State University

Edtto~al Ofl~ce: lourmd of Accounting Education, School of Accounting, /ames Madis~ Umv~sRy, Hmrisonberg. VA 22807 U.S.A.

Publishl~tg Subscripthm and Adverfis~ Offices: Pergamon Press, Inc., Fairview Park, Elmsford, Ncw York 10523, USA and Pergamon press plc, He.~ington Hill Hail, Oxford OX3 0BW, Enghnd.

Published 2 Per Annum. Annual institutional subscription rate (1991): US$90.00. Two-year institutional subscription rate (1991/92): US$I71.00. Prqfessional subscription rate (1990): US$25.00. Prices ~'e mbject to change without notice. Notify 8 weeks in advance of addrcs~ change with a copy of the subscription mailing labeL Back Issues: Back iss-ucs of all previously published vol- umes, in boLh hard copy and on microform, ate available direct from Pergamon Press offices.

Copyright @ 1990 Pergamon Press plc

It is & condition of publication that manuscripls submitted to this jourmd have not been published ~ d will not be simultaneously sub mRtod or published elsewhere. By mbmiuing a matmscript, the authors agree lhat the copyright for their article is ¢amfeared to the publisher if and when the re'title is accepted for publication. The copyright eovc~s the exclusive rights to ropmduce and distribute the mlicle, including rctxinls , ixhotogra~c reproducr;ons, microform or any other re.pcx~action of similar nalzwe and Cmlsha.ior~. No part of this publication may be pcoduced, stored in a retrieval system o¢ trmsmitted in any form or by any means, elcc~onic, eleca'ostatic, magnetic tape, mechanical photocopying, recording or odmrwlsc, without permission in writing from the ~ g h t holde~

Photocot~g information for users in the U.S.A. The II~m-F¢~ Code for Ib.is publlcalion ittdicatcs tlxat authodzatlo~ to photocopy items for internal or personal use is granted by the copyright holder for librwies and other users registered with the Copyright Clearance Ccntca" (CCC) Transaclior~l Reporting Service provided the stated fee for copying, beyond that pamitto~l by Section 107 or 108 of Ihe United State= Copyright Law, is paid. The aplxopriatc rcmiuanc¢ of $3.00 pea" copy per article is paid directly to the Copyright Clearance Cent~ Inc., 27 Congress Slreel, Salem, MA 0[970.

Permdssionfor othtr use. The copyright owner's o o ~ t does not extend to copying for g~nera/distribution, for promotion, for creat- ing new works, or for resale. Specific written pca'missiota must be obtained from the publisher for copying. Please contact the Subsidiary Rights Manager at either P¢~gmnon Press, Inc., or Pergamon Press plc.

(~vM The paper used in this publication meets the minimum requiremmts of American National Standard for Information Scietw.,es-Permanence of Paper for Printed Library Materials, ANSI Z39A8-1984.

The Item.Fee Code for this publication is: 0748-5751/90 $3.00+.00.