Question: 1- what do we mean by ( the allocation problem in Financial accounting) ? 2- simply explain the difference between transaction approach and valuation approach?

1- what do we mean by ( the allocation problem in Financial accounting) ? 2- simply explain the difference between transaction approach and valuation approach? 3 - what do we mean by ideal economic income and wealth ? 4- what do we mean by income Ex ante and income Ex post and how are they used

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