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Mr. Ryan is the owner and chief executive officer of Briarfield Corporation. Mr. Ryan personally owns a house, automobiles and investments in various companies. However,
Mr. Ryan is the owner and chief executive officer of Briarfield Corporation. Mr. Ryan personally owns a house, automobiles and investments in various companies. However, his personal assets will not be included among the land, building and investments reported on the financial statements of Briarfield Corporation. This is an application of:
Select one:
a. Monetary unit assumption
b. Neutrality assumption
c. The concept of economic entity
d. Going concern assumption
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