True/False
While the accounting profession has sought to use accounting theories to unify accounting practice and make it more useful,academics use accounting theories to understand the role and impact of accounting information.Therefore,academic research on accounting is not useful for professional practice.
Correct Answer:

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Correct Answer:
Verified
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Q19: The major focus of the normative accounting
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Q21: An example of an inconsistency in accounting
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Q28: An example of a positive accounting theory