To include the personal assets and transactions of a businesss owner in the records and reports of

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To include the personal assets and transactions of a business’s owner in the records and reports of the business would conflict with the:

a. Matching principle.

b. Realization principle.

c. Business entity assumption.

d. Going-concern assumption.

e. Revenue recognition principle.

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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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