Osbon Ho for using cash from the bu s Since the corporation pad for the car was Stuart Alien Corporation manufactures computer hardware. The president of the corporation bought a new car as a gift for his daughter and recorded in its books as an asset. Which of the following concepts or principles of accounting did the corporation ? O A monetary unit assumption OB economic assumption OC going conce p tion D D cost principe The assets of Star Company are $150,000 and the total liabilities are $10,000. The equity is O A. $160,000 OB. $140,000 OC. $150,000 O D. $10,000