Which of the following assumptions implies that the assets and liabilities of the business are accounted for separately from the assets and liabilities of the owners?
A. Monetary unit assumption.
B. Continuity assumption.
C. Historical cost principle.
D. Separate entity assumption.
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Home » Business » Which of the following assumptions implies that the assets and liabilities of the business are accounted for separately from the assets and liabilities of the owners? A. Monetary unit assumption. B. Continuity assumption. C.