A company issues its stock to investors, who pay cash to the company in exchange for the stock. Which assumption supports the notion that the cash is now owned by the company, and not by the investors? A Going concern C Economic entity B Monetary unit D Periodicity A Underlying assumptions C Elements B Qualitative characteristics D Accounting principles Edit View Insert Format Tools Table. 12pt Paragraph BIUAT A underlying assumptions The different items that are reported in the financial statements are called the: A Underlying assumptions C Elements B Qualitative characteristics D Accounting principles Edit View Insert Format Tools Table 12pt Paragraph A underlying assumptions BIU AT: In the U.S., the conceptual framework helps with each of the following in the financial reporting process except: A Helps preparers of financial statements to choose between alternative accounting methods. B Helps standard setters to set high quality accounting standards. C Helps users and preparers to understand why standard setters chose the required accounting methods in the standards. Edit View Insert Format Tools Table 12pt Paragraph BIUA