Question: Horace Johnson decides to start his CPA practice as a professional corporation. the corporation purchased an office building for $35000. the real estate agent said

Horace Johnson decides to start his CPA practice as a professional corporation. the corporation purchased an office building for $35000. the real estate agent said the building was worth $50000 in the current market. the corporation recorded the building as a $50000 asset because horace believes that is the real value of the building, whicj of the following concepts or principles of accounting is being violated.

A. economic entity assumption B. going concern assumption C. cost principle D. monetary unit assumption

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