Question: 1. Distinguish among the terms realized, realizable, and realization.
2. How does conventional retained earnings differ from entity equity under the Anthony conception of the entity theory?
3. What inconsistencies does Merino see in the proprietary theory at the - turn of the twentieth centurv before the advent of entity theory?
4. Why is earnings-per-share calculation an example of the residual equity of a firm being broader than merely its current common shareholders?