Question 14 The accounting concept in which a company is viewed as existing separate from its owner, creditors, and other companies is known as the: Adequate disclosure concept. O Business entity concept. O Objectivity concept. O Going concern concept. D Question 15 What effect would borrowing from the bank have on the accounting equation? O Assets and liabilities would increase. Assets and stockholders' equity would increase. Assets and stockholders' equity would decrease. Assets would increase and liabilities would decrease.