Which of the followings is NOT an argument of researchers who favour regulating accounting? Select one: a. investors need protection from fraudulent organisations producing misleading information b. capital markets act fails to punish organisations that not providing information c. regulation will lead to oversupply of information d. on average market efficiency arguments ignore the rights of individuals Clear my choice

prescriptive approach relies on

Select one: a. assumptions b. observations c. researcher's belief d. process

universal applicability of the theory means that theory can be applied on the most majority of cases related to the theory generalized

Select one: True False

one of the disadvantages of the positive accounting theory that it is it does not prescribe what should be done in the practice

Select one: True False