Question: Do you agree with the assertion that accounting can lead to perceptions of reality? Why or why not? In deciding whether to adopt a proposed

Do you agree with the assertion that “accounting can lead to perceptions of reality”? Why or why not? In deciding whether to adopt a proposed accounting standard, should accounting rule-making bodies consider whether that standard might induce socially irresponsible behavior on the part of economic decision-makers? Defend your answer.

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