Which of the Following Is an Example of a Positive

Multiple Choice

Which of the following is an example of a positive theory?

A) Fair value should be used to measure assets in the financial statements, so as to provide more relevant information
B) Cost should be used to measure assets in the financial statements because it is more reliable and accurate
C) The conceptual framework for accounting
D) A theory that explains why managers prefer or choose particular accounting methods or policies over others