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Positive versus Normative Accounting Theory A comprehensive theory of accounting has yet to be developed. Arguments Argument 1:Present arguments that support reliance on positive theory

Positive versus Normative Accounting Theory

A comprehensive theory of accounting has yet to be developed.

Arguments

Argument 1:Present arguments that support reliance on positive theory to develop a general theory of accounting.

Argument 2:Present arguments that support reliance on normative theory to develop a general theory of accounting.

Which argument would you choose and why

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