Question: The business entity assumption is important because a . it requires that the company record all of its economic transactions in accordance with GAAP. b

The business entity assumption is important because
a. it requires that the company record all of its economic transactions in accordance with GAAP.
b. it requires that all transactions be recorded in the period in which they occur.
c. it limits the amount that a company can record for its transactions in the accounting records.
d. it limits economic data in financial reports to the data directly related to the activities of the business.
The business entity assumption is important because a. it requires that

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