Explain what the following assumptions and principle mean in accounting: a. Separate-entity assumption c. Continuity assumption b.

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Explain what the following assumptions and principle mean in accounting:

a. Separate-entity assumption

c. Continuity assumption

b. Unit-of-measure assumption

d. Cost principle

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Question Posted: Aug 04, 2015 03:52 AM

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Explain what the following assumptions and principle mean in accounting: a. Separate-entity assumption c. Continuity assumption b.

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

Financial Accounting

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