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Describe briefly each of the given theories

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

Required: 1. Describe briefly each of these theories.

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: EM132765725

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