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help me out The accounting concept that requires every business to be accounted for separatefy from ofher burinegs entitien, including its owner or owners is

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The accounting concept that requires every business to be accounted for separatefy from ofher burinegs entitien, including its owner or owners is kncwn as the: Business entity assumption. Going-concern assumption. Revenue recognition principle. Time-period assumption. Measurement (Cost) principle. QUESTION 14 At the beginning of the year, Cassius Company's liabilities equal $350,000. During the year, assets increase by $300,000, and at year-ond assets equal $950,000. Liabilities decroase $25,000 during the year. The ending amount of equity is: $600,000. \$650,000 5625,000. $900,000. 5575,000. QUESTION 15 A company's ledger (or general ledger) is: A collection of all accounts and their balances used by the company A collection of documents that describe transactions and events entering the accounting process. A record opntaining increases and decreases in a specific asset, liability, equity, revenue, or expense item. Ajoumal in which transactions are first recorded. A list of all identification numbers used by the company. An asset created by prepayment of an insurance premium is: Recorded as a credit to Prepaid Insurance. Not recorded in the accounting records until the insurance period expires. Recorded as a debit to Unearned Revenue: Recorded as a debit to Prepaid Insurance. Recorded as a credit to Uneamed Revenue. QUESTION 17 A credit: Always increases asset accounts. Is the right side of a T-account. Always increases an account. Is the left side of a T-account. Always decreases an account. QUESTION 18 Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported? Measurement (Cost) principle. Expense recognition (Matching) principle. Consideration assumption. Going-concern assumption. Business entity assumption

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