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Kenny is the owner of ABC Co. He recently bought a new car as a gift for his daughter. Since he paid for the car

Kenny is the owner of ABC Co. He recently bought a new car as a gift for his daughter. Since he paid for the car from the earnings of the business, he recorded it in the books of the company as an asset. Which of the following concepts or principles of accounting is Kenny violating?
A) unit of measure concept
B) economic entity concept
C) cost concept
D) matching concept

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