Explain what the following accounting terms mean: a. Separate-entity assumption b. Unit-of-measure assumption c. Continuity assumption d.

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Explain what the following accounting terms mean:
a. Separate-entity assumption
b. Unit-of-measure assumption
c. Continuity assumption
d. Historical cost principle

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 07:20 AM

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Explain what the following accounting terms mean: a. Separate-entity assumption b. Unit-of-measure assumption c. Continuity assumption d.

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a The separateentity assumption requires that business transactions are separate from th...View the full answer

Financial Accounting

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