A business is accounted for separately from other business entities, including its owner.
a. Going-Concern Assumption
b. Business Entity Assumption
c. Time Period Assumption
d. Matching Principle
e. Cost Principle
Answer: B
A business is accounted for separately from other business entities, including its owner.
a. Going-Concern Assumption
b. Business Entity Assumption
c. Time Period Assumption
d. Matching Principle
e. Cost Principle
Answer: B
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