A company has agreed to sell their business to a competitor for $8.2 million. Since the company will be run as usual by the new owners the president does not address the sale in the financial statements. Based on the information provided, which of the follow is TRUE?

Question 4 options:

d)	Historical cost - violated

e)	Separate entity - violated

c)	Unit-of-Measure - violated

a)	Time period (Periodicity) - violated

b)	Full disclosure - violated