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Which of the followings is a hypothesis of positive accounting theory? Select one: O a
Which of the followings is a hypothesis of positive accounting theory? Select one: O a. Debt hypothesis O b. Agency relationship O c. liabilities cost O d. Asset covenant
Normative approach of research in accounting relies on the past observations Select one: O a. True O b. False
For agency theory, the term "agent" means Select one: O a. owner O b.investor O c. stakeholders O d. manager
Which of the following research approaches emphasizes going from general to specific? Select one: O a. Behavioral O b. Inductive O c. General O d. Deductive
The Efficient Market Hypothesis was suggested by Watt and Zimmerman Select one: O a. False O b. True
Which of the followings is NOT an element of the Financial Statements? Select one: O a. Assets O b. Faithful representation O c. Owners' Equity O d. Income
Expert Solution
1- Hypothesis of positive Accounting Theory is Debt Hypothesis
Option A)
2- normative works with events in the future
therefore this statement is false
Option B)
3- The agency theory embodies an agency contract; there is a relationship between a principal (shareholder or citizen) and an agent (manager)
Option D)
4- Deductive approaches they move from a more general level to a more specific one
Option D)
5- The efficient market hypothesis was developed from a Ph. D. dissertation by economist Eugene Fama in the 1960s
Option a)
6- Faithful Representation is not an element of financial Statements
Option B)
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