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Indicate which underlying assumption or modifying constraint is most important: Walker Company issues each month a check to James Walker, the sole proprietor, for $10,000

Indicate which underlying assumption or modifying constraint is most important: Walker Company issues each month a check to James Walker, the sole proprietor, for $10,000 because he deems this a reasonable payment for the time he spends in the business. The amount paid is not charged to Salary Expense but to his Drawing account.

materiality
stable monetary unit
separate entity
periodicity of income

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