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a)What is the main purpose of simplifying assumptions of Positive Accounting Theory (PAT)?b)Explain why PAT assumes problems between managers and shareholders? Suggest ways shareholders can
a)What is the main purpose of simplifying assumptions of Positive Accounting Theory (PAT)?b)Explain why PAT assumes problems between managers and shareholders? Suggest ways shareholders can minimise these problemsc)Define creative accounting, and its relationship with ethical dilemma for manager.
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