Watts and Zimmerman's Positive Accounting Theory is:
A) One of several normative theories of accounting
B) One of several positive theories of accounting
C) One of several critical theories of accounting
D) None of the given options are correct.

Question

Quizplus · Accepted Answer

Watts and Zimmerman's Positive Accounting Theory is one of several positive theories of accounting, which seek to describe and explain accounting practice as it exists in the real world, without making judgments about how it should be.

Watts and Zimmerman's Positive Accounting Theory Is