Question
5. A local businessman owns several different companies. His accountant prepares separate financial statements for each of these businesses. This is an application of the
5. A local businessman owns several different companies. His accountant prepares separate financial statements for each of these businesses. This is an application of the
a) full disclosure principle.
b) periodicity assumption.
c) going concern assumption.
d) economic entity assumption.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
