Question
1) What is the difference between a positive and a normative theory of accounting and provide an example of each? 2)Describe the three (3) costs
1) What is the difference between a positive and a normative theory of accounting and provide an example of each?
2)Describe the three (3) costs associated with an agency relationship. provide an example of what can be done to reduce each of those costs.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
