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    Understanding Australian Accounting Standards
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    Exam 2: Application of Accounting Theory
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    Normative Theories
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Normative Theories

Question 9

Question 9

Multiple Choice

Normative theories:


A) prescribe what should be the case based on a specific objective.
B) are based on what is happening in the world.
C) explain why people behave in certain ways.
D) predicts unobserved phenomena.

Correct Answer:

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