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QUESTION 1 (10 marks) a. In the context accounting theory, define induction'. Provide examples of how induction can be used to develop a theory AND

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QUESTION 1 (10 marks) a. In the context accounting theory, define induction'. Provide examples of how induction can be used to develop a theory AND a criteria which can be used to evaluate an inductive theory (5 marks) b. In the context of accounting theory, define deduction'. Provide an example of how deduction can be used to develop a theory AND criteria which can be used to evaluate a deductive theory

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