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A business paid for the owner's personal insurance policy and the amount was recorded as a business expense. what are accounting assumptions/concepts is being violated?
A business paid for the owner's personal insurance policy and the amount was recorded as a business expense. what are accounting assumptions/concepts is being violated?
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
