Just select the correct one no need for explanation.

MCQ

Question 1

One criticism of Positive Accounting Theory is that it tells us nothing about:

options:

a) Whether the practice or method being used is the most equitable

b) Which method a firm should use

c) All of the given options are correct.

d) Whether the practice or method being used is the most efficient

Question 2 Statement 1: All the fixed assets in the company are more than 10 years old. Statement 2: Some of the fixed assets in the company are plant and machinery. Assuming that Statement 1 and 2 are true, which of the following is correct based on logical deduction?

options:

a) All plant and machinery in the company is more than 10 years old

b) No plant and machinery in the company is more than 10 years old

c) Very little of the plant and machinery in the company is more than 10 years old

d) Most plant and machinery in the company is more than 10 years old