Discussion of The Effect of Alternative Accounting Rules for Nonsubsidiary Investments.

The article reports on the effect of alternative accounting rules for nonsubsidiary investments and discusses the paper, "The Effect of Alternative Accounting Rules for Nonsubsidiary Investments," by Nicholas Dopuch and David F. Drake. The author feels that empirical research in accounting is difficult because there is insufficient data available for reliable statistical information. In the sampling of firms for Dopuch and Drake's research they omitted the Corning Glass Company which owns 30% of the Owens-Illinois Glass Company, which was included in the sample.