multiple-choice with out explanation.

8- Good financial reporting will lower a firm's cost of capital. - True b- False 9- Early adoption of new financial accounting standards generally indicate "bad news" whereas late adoption generally indicates "good news'. - True b- False 10- Only firms that performs well have incentives to report their operating results. - True b- False 11- Which of the following concepts holds that voluntary disclosure is necessary in order for a firm to compete successfully in the market for risk capital? - Signaling theory b- Agency theory c- Information symmetry d- Private contracting 12- Overproduction of accounting information has the greatest effect on large, publicly traded companies - True b- False 13- Accounting regulation prevents fraud. - True b- False 14- Agency theory explains that firms have incentives to report voluntarily to capital market because they are competing for risk capital. - True b- False 15- Risk in investment can be eliminated by improved accounting & auditing procedures, - True b- False 16- Discuss the differences between inductive vs deductive reasoning? 17- Define positive accounting