FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. The economic entity assumption means that (1 Point) O A given company keeps its activity separate from other companies O Economic activities can not

image text in transcribed
13. The "economic entity" assumption means that (1 Point) O A given company keeps its activity separate from other companies O Economic activities can not be identified with a particular unit of accountability O A given company does not keep its activity separate from its owners O All provided answers represent "economic entity" assumption O All provided answers do not represent economic entity" assumption

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: Karen Wilken Braun, Wendy M. Tietz

2nd Custom Edition

1269396803, 978-1269396806

More Books

Students also viewed these Accounting questions

Question

★★★★★
A circus roustabout is attaching the circus tent to the top of the main support post of length L when the post suddenly breaks at the base. The worker's weight is negligible relative to that of the...

Answered: 1 week ago

Question

★★★★★
Find both the general solution of the differential equation and the solution with the given initial condition.

Answered: 1 week ago

Question

★★★★★
Describe why Swammerdams experiment on the nerve-muscle preparation was embarrassing to Descartess theory.

Answered: 1 week ago

Question

★★★★★
Forbes reports that women trust recommendations from Pinterest more than recommendations from any other social network platform (Forbes website, April 10, 2012). But does trust in Pinterest differ by...

Answered: 1 week ago

Question

★★★★★
At the beginning of the year, Siegel Brothers, Inc., purchased a machine at a cost of $100,000. The estimated residual value was $10,000. Assume that the estimated useful life was four years, and the...

Answered: 1 week ago

Question

★★★★★
The original length of a cable is 85.0 +0.002 m and the final length is 85.9 0.009 m. Calculate the resultant uncertainty in the strain on this cable. Give your answer as a percentage to 2...

Answered: 1 week ago

Question

★★★★★
Required information The following partially completed T-accounts summarize last year's transactions for Kelshaw Company: Raw Materials Beg Bal (1) 4,000 18,000 20,000 (2) Accounts Payable 18,000 (1)...

Answered: 1 week ago

Question

★★★★★
You are designing the system for controlling the traffic lights at an intersection. Give one reason why you would use a microcontroller rather than a microprocessor for this system. What is a...

Answered: 1 week ago

Question

★★★★★
A. Complete the table below: Identify the title of the accessed document relevant to each requirement category for business meetings For each document, outline all requirements you must follow when...

Answered: 1 week ago

Question

★★★★★
Mary, Sally and Sue form the ABC partnership to sell sporting goods. After three years on 2/8/23, Mary decides to leave the partnership . On 2/9/23, Martha joins the partnership. When Martha joined...

Answered: 1 week ago

Question

★★★★★
Exercise(1) ch5 Adjusting Entries for Deferrals 1) Supplies Adjustment Example Yazici Advertising purchased supplies costing 2,500 on October 5. Yazici recorded the purchase by increasing (debiting)...

Answered: 1 week ago

Question

★★★★★
Describe contextual influences on direct financial compensation.

Answered: 1 week ago

Question

★★★★★
Describe legally required benefits.

Answered: 1 week ago

Question

★★★★★
Discuss career development and career development methods.

Answered: 1 week ago

Previous Question Next Question