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Answer the following question: Mr. Burns owns two businesses a recycling plant and a restaurant. Since the recycling plant has recently caught fire and is
Answer the following question:
Mr. Burns owns two businesses a recycling plant and a restaurant. Since the recycling plant has recently caught fire and is in financial difficulty, Mr. Burns would like to pay some overhead expenses of the plant through the restaurants bank account and report It as other expenses on the restaurants financial statements. Which of the following statements is TRUE? Explain answer.
a) Timeliness violated
b) Comparability followed
c) Full disclosure followed
d) Separate entity violated
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