Involves the actual taking of cash, inventory, information, or other assets whereas involves selling stolen assets or transferring them into cash and then spending the cash.

1. Theft  2. Conversion

Explanation:

The consequence of a dishonest action such as theft is usually dependent on the type of theft committed by the perpetrator. It is also determined by the role played by the thief.

The common type is the one actually referred to as theft and it involves taking cash, goods, information, assets. This type of theft can be physically done or virtually or electronically.

However, Conversion is also a kind of theft but it represents the transference or conversion and sales of stolen asset into cash form and conversion as a form of theft also involves the actual spending of the cash. Once an income through trade or sales is generated from stolen goods then theft by conversion is established.

This is the reason why both the thief of a good and the seller/keeper of the stolen item are implicated by the law upon discovery.

statement of owner's equity;

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