which of the followings is not a part of Normative accounting theory classification:

a. Decision making emphasis

b. Accounting for change in prices

c. True income model

d. Decision usefulness

which statement best describe liabilities?

a. Obligations on the entity with an expected future economic outflow

b. Obligations on the entity as a result of past event with an expected future cash outflow

c. Obligations on the entity as a result of past event

d. Obligations on the entity as a result of past event with an expected future economic outflow