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Financial statements are prepared for an economic business unit that is separate and distinct from its owners. This is referred to as the going concern
Financial statements are prepared for an economic business unit that is separate and distinct from its owners. This is referred to as
the going concern assumption.
the economic entity concept
.the objective of financial reporting
.a cost constraint.
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
