on 19 Which basic assumption is illustrated when a firm reports financial results on an annual basis? ed out of g question Select one: a. Monetary unit assumption O b. Economic entity assumption O C. Periodicity assumption d. Going concern assumption on 20 The net assets of a business are equal to ed out of Select one: O a. total assets minus total shareholders' equity O b. total assets plus total liabilities question C. current assets minus current liabilities d. total assets minus total liabilities