Positive theories:
A) explain why managers choose a particular accounting method.
B) might be descriptive of accounting practice.
C) All of these options are correct.
D) rely on real-world observations.

Question

Quizplus · Accepted Answer

Positive theories explain why managers choose a particular accounting method and can be descriptive of accounting practice. Positive theories also rely on real-world observations. Therefore, option C is the correct choice as all options are correct.

Positive Theories