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Mr. Berns owns two businessesa recycling plant and a restaurant.Since the recycling plant has recently caught fire and is in financial difficulty, Mr. Berns would
Mr. Berns owns two businessesa recycling plant and a restaurant.Since the recycling plant has recently caught fire and is in financial difficulty, Mr. Berns would like to pay some overhead expenses of the plant through the restaurant's bank account and report it as "other" on the restaurant's financial statements.Which of the following statements is TRUE?
Question 8 options:
Timeliness - violated
Separate entity - violated
Full disclosure - followed
Time period - followed
Continuity - followed
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