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Article and adopting a positive accounting theory

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Reference no: EM13720270

Read the article and adopting a Positive Accounting Theory perspective, consider the following issues:

1. If a new accounting standard impacts on profits, should this impact on the value of the firm, and if so, why?

2. Will the imposition of a particular accounting method have implications for the efficiency of the organization?

Foster's: less goodwill, higher earnings

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Reference no: EM13720270

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