The normative approach of accounting uses the past observation to establish accounting theory, Select one: True False Oxford English Dictionary defined the theory as "set of two or more interrelated components that interact to achieve a goal". Select one: True False Ball and Brown in 1968 examined ---- Select one: a. The social accounting framework b. The environmental accounting framework. c. The role of normative theory. d. The information content of accounting income. From approximately the 1920s to the 1960s, theories of accounting were predominantly developed on the basis of observation of what accountants actually did in practice. Select one: True False accounting theories are developed on the basis of past observations (empirically based) of which some are further developed to make predictions about likely occurrences (and sometimes also to provide explanations of why the events occur) Select one a. Descriptive accounting theory b. positive accounting theory c. normative accounting theory. d. inductive accounting theory