question archive Why has the entity theory fragmented into two separate conceptions? Entity theory The entity theory states that the business is different from its owner
Why has the entity theory fragmented into two separate conceptions? Entity theory The entity theory states that the business is different from its owner
Subject:BusinessPrice: Bought3
Why has the entity theory fragmented into two separate conceptions?
Entity theory
The entity theory states that the business is different from its owner. Business is a separate legal entity. Under this theory, owners are not liable for the company's loans, and the owner's assets are not at stake.
