That a business may only report activities on financial statements that are specifically related to company operations,
Question:
That a business may only report activities on financial statements that are specifically related to company operations, not those activities that affect the owner personally, is known as which of the following?
A. Separate entity concept
B. Monetary measurement concept
C. Going concern assumption
D. Time period assumption
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Concept introduction A General Accounting Principles General Accounting Principles are policies assumptions and guidelines for preparing financial sta...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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