Normative and positive statements The following table contains statements that provide some analysis of policies that address taxes. Categorize each of these statements as either positive or normative.
Statement Positive Normative
Taxes are too high.
In some circumstances, if taxes are lowered,
government revenues actually increase.
It is immoral for a government to redistribute money
from one person to another.
When the government increases taxes, rates of
tax evasion increase.

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.