Multiple Choice
Which of these is not an underlying assumption of positive accounting theory?
A) Individuals attempt to maximise their own wealth
B) Accounting numbers play a central role in the distribution of wealth
C) People are self-interested and rational
D) Non-financial aspects of individuals' utility functions are important in the distribution of wealth.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Which statement is not true in relation
Q25: Which of these management actions might be
Q26: The statement that does not relate to
Q27: The situation where a manager protects against
Q28: DeAngelo argues that larger auditors,such as those
Q30: The more politically sensitive a firm,the more
Q31: Distinguish between the ex ante efficient contracting
Q32: The size hypothesis predicts that the larger
Q33: In the oil and gas industry the
Q34: It may be appropriate to remunerate a