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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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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