A machine, that cost $40,000, is reported at its current market value of $45,000. Select one: O a. Time period assumption O b. Violated Economic entity O c. Consistency O d. Violated Historical cost Which of the followings is not a hypothesis of positive accounting theory? Select one: O a. Debt hypothesis O b. Capital hypothesis O c. Bonus hypothesis O d. Political hypothesis Which of the following forms of the efficient market hypothesis defines all available information as all publicly available information including past stock prices? Select one: O a. Weak O b. Strong O c. Semi-strong O d. Semi-weak Capital market research is an example on: Select one: O a. Inductive approach of accounting theory O b. Normative accounting theory O c. Positive accounting theory O d. unregulated accounting theory The Conceptual Framework can be described as normative theory of accounting Select one: O a. False O b. True