The business entity assumption:

Question $2$ Select one:

a$.$

Means that we can express transactions and events in monetary, or money, units.

b$.$

Means that accounting information presumes that the business will continue operating instead of being closed or sold.

c$.$

Means that a business is accounted for separately from other business entities, including its owner.

d$.$

Prescribes that a company record the expenses it incurred to generate the revenue reported.