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Genesis Corporation is now in its 30th year of business. The founder of the company is planning to retire at the end of the year

Genesis Corporation is now in its 30th year of business. The founder of the company is planning to retire at the end of the year and turn the business over to his daughter. What accounting principle or assumption is relevant to this situation?

a. Economic entity

b. Monetary unit

c. Cost principle

d. Going concern

e. Time period

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