In term of the definition of Accounting Theory. which statement is true to explain the coherent set?

a. it is universal applicable

b. Any description of the phenomena is considered as a theory in accounting

c. Accounting theory is a prediction of field of inquiry

d. It should be logical reasoning of hypothetical principles

debt hypothesis assumes that the higher the firms debt/equity ratio, the more likely managers use accounting methods that decrease income

Select one: True False

Please, quickly, not enough time, please