The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and all other economic entities.
a. True
b. False
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and ...” 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
A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. At the end of the same year, the company had $20,000,000 worth of inventory of ready-to-ship devices. a.
Answers (1)
What will happen to interest rates if the public suddenly expects a large increase in stock prices? a.
Answers (1)
Which type of business organization provides the least amount of protection for bankers and other creditors of the company? a. proprietorship b. corporation c. partnership d. both a and c?
Answers (1)
Commercial Credit & Finance is a limited partner-ship. Derry, Eleni, and Frey are the general partners. Derry dies. The partnership can Select one: a. continue only if Eleni and Frey consent. b. continue only after a distribution of its assets. c.
Answers (1)
The second paragraph of a cover letter is your chance to: A:state why they should hire you B:request an interview C:list your contact info D:include a salutation
Answers (2)
New Questions in Business
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can affect the shape of the corporate yield curve (r*t, IP_t, MRPt, DRP_t, and LP_t).
Answers (1)
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)