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The business entity assumption means that a.an entity is organized according to state or federal statutes b.the entity is an individual economic unit for which

  1. The business entity assumption means that

    a.an entity is organized according to state or federal statutes

    b.the entity is an individual economic unit for which data are recorded, analyzed, and reported

    c.an entity is organized according to the rules set by the FASB

    d.the owner is part of the business entity

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