Which one of the following characteristics of the positive accounting theory brings forward the problem of Opportunistic Behavior? O a. It wants to minimize costs associated with contracts of the firm. O b. It recognizes the flexibility in choosing accounting policies by the firm. O c. It recognizes the existence of economic consequences in the firm. d. It aims to maximize the prospects for survival of the firm.

Which one of the following characteristics of the positive accounting theory brings forward the problem of Opportunistic Behavior? O a. It wants to minimize costs associated with contracts of the firm. O b. It recognizes the flexibility in choosing accounting policies by the firm. O c. It recognizes the existence of economic consequences in the firm. d. It aims to maximize the prospects for survival of the firm.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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