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QUESTION ONE (COMPULSORY) Critically discuss any five of the following theories as applied in accounting, highlighting the proponents, the propositions and critics of each theory.

QUESTION ONE (COMPULSORY)

Critically discuss any five of the following theories as applied in accounting, highlighting

the proponents, the propositions and critics of each theory.

a) Agency theory

b) Regulatory capture theory

c) Residual equity theory

d) Entity theory

e) Proprietary theory

f) Commander theory

g) Clean surplus theory

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