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    Financial Reporting
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    Exam 2: Application of Accounting Theory
  5. Question
    Positive Theories
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Positive Theories

Question 14

Question 14

Multiple Choice

Positive theories:


A) explain why managers choose a particular accounting method.
B) might be descriptive of accounting practice.
C) All of these options are correct.
D) rely on real-world observations.

Correct Answer:

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