Ask Question
BusinessBusiness
25 February, 12:10

The business entity concept means that a. the owner is part of the business entity b. an entity is organized according to state or federal statutes c. an entity is organized according to the rules set by the FASB d. the entity is an individual economic unit for which data are recorded, analyzed, and reported

+3
Answers (1)
  1. 25 February, 12:30
    0
    Answer: Option D

    Explanation: In business entity concept, the owner of the entity and entity itself are considered to be two separate units. This rule generally apply for corporations that are registered with the Govt. In such a structure, all of the filings of data will be done on separate basis for both owner and the entity.

    Thus, from the above we can conclude that the correct option is D.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The business entity concept means that a. the owner is part of the business entity b. an entity is organized according to state or federal ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The key feature of a market system is
Answers (2)
Spring is here, and eric and his dad would like to go fishing for the weekend in washington. eric could either go to the river in town where anyone can fish without a permit, or he could drive up to a stream located on his family's property in the
Answers (1)
What does the word Psychology means?
Answers (2)
Equity Investments are sometimes referred to as ""one-line consolidations."" That means that the balance sheets of the investor and investee companies are combined and that the Stockholders' Equity of the investor company is equal to that which
Answers (1)
If an account valued at $1,000 is leveraged 5:1, a 10% drop in the value of invested assets would cause the value of the account to decrease by:
Answers (1)
New Questions in Business
a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.
Answers (1)
n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay for that position. the individual's worth versus that of others in the organization.
Answers (1)
Some interview questions are designed to rattle you to see how you deal with stress. True or false.
Answers (2)
Organizational culture consists of three levels: Select one: a. assumptions, orientations, and beliefs. b. beliefs, values, and artifacts. c. artifacts, assumptions, and beliefs. d. assumptions, artifacts, and values.
Answers (1)
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Home » Business » The business entity concept means that a. the owner is part of the business entity b. an entity is organized according to state or federal statutes c. an entity is organized according to the rules set by the FASB d.
Sign Up Forgot Password?