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REA Theory Diagram The answer to this question should demonstrate a knowledge of what REA...

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Accounting

REA Theory Diagram

The answer to this question should demonstrate a knowledge of what REA models are and how they are utilized to understand and capture the activity of the firm. Consider writing 3-4 complete sentences. (but no more than 5) Consider the REA Theory diagram above, the term 'give/get' describes what aspect of this theory? How does this simple diagram capture the fundamental aspects of value creation?

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