Fallon Osmond is chairperson of the board of Sample 'roots. Inc Suppose Osmond has lust founded Simple Treats, and assume that she considers her home and other personal assets as pail of Simple Treats Answer these question about the evaluation of Simple Treats. inn.

1. Which accounting assumption governs this situation?

2. How can the vow application of this accounting assumption give Osmond and others a realistic view of Sampler treats, Inc 7 Explain in detail 1. Which accounting assumption governs this situation?
The entity assumption Applies.
The witty assumption

The going-concern assumption

The stable-monetary-unit assumption

Answer rating: 100% (QA)

1 The accounting assumption which governs this situation is The entity assump... View the full answer