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State reasons for emphasizing the application of theory

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Reference no: EM132779043

Theoretical Implications of Various Theories of Equity The proprietary theory, the entity theory, and the funds theory are three approaches to accounting for equities.

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Problem 1: Describe briefly each of these theories.

Problem 2: State your reasons for emphasizing the application of one of these theories to each of the following: Single proprietorship Partnership Financial institutions (banks) Consolidated statements Estate accounting

Reference no: EM132779043

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