The Statement That Best Describes the Interaction of Academic and Professional

Multiple Choice

The statement that best describes the interaction of academic and professional research interests with respect to accounting theory,is:

A) Academic and professional research interests are incompatible as academic research centres on positive theories which are not prescriptive
B) Academic researchers use positive accounting theories whereas the accounting profession uses normative theories
C) While accounting profession researchers seek normative (prescriptive) theories for accounting practice,these theories are not incompatible with academic (positive) theories which can be used to advise accounting professionals in the development of prescriptive practices
D) None of the above