Research Using the Positive Accounting Theory Approach Investigated Public Trust

Multiple Choice

Research using the Positive Accounting Theory approach investigated public trust deeds and found that in relation to revaluations they:

A) allowed revaluations but imposed very low debt/asset limits.
B) specified which assets may be revalued and who may conduct the revaluations.
C) generally did not permit revaluations.
D) allowed revaluations but specified the period between revaluations as being no longer than 2 years.