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12. What is the difference between owners' equity accounts representing sharehold- ers' claims as equity holders and shareholders' interests as owners? 13. Postulates are supposed

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12. What is the difference between owners' equity accounts representing sharehold- ers' claims as equity holders and shareholders' interests as owners? 13. Postulates are supposed to be tight enough to prevent conflicting conclusions being deduced from them. Is this the case with ARS 1? 14. Is it fair to categorize ARS 1 and ARS 3 as failures? Why or why not

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