future accountants were trained by being apprenticed or articled to a practicing accountant. a. Explain what accounting
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future accountants were trained by being apprenticed or articled to a practicing accountant.
a. Explain what accounting theory construction approach is evident in the above statement and whether it is inductive or deductive in nature.
b. Critically and clearly reflect on two weaknesses of the approach.
c. Use the approach from (a) to construct a theory about which depreciation method accountants prefer.
Expert Answer:
Accounting theory is a set of assumptions frameworks and methodologies used in the study and application of financial reporting principles The study of accounting theory involves a review of both the ... View the full answer
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