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Why would the following be appropriate or inappropriate elements of a conceptual scheme, or theory, in respect of accounting? (b) The profit maximization principle. (c)

Why would the following be appropriate or inappropriate elements of a conceptual scheme, or theory, in respect of accounting?

(b) The profit maximization principle.

(c) The logical conditions of valid aggregation.

(d) The diversity of practices on any matter commonly permissible.

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