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The business owner works closely with his accountant to ensure that his proprietorship's financial statements are complete, free from mistakes, and objectively present the economic
The business owner works closely with his accountant to ensure that his proprietorship's financial statements are complete, free from mistakes, and objectively present the economic reality of his business. Which accounting assumption or concept is guiding these decisions? Select one: a. going concern assumption O b. comparability faithful representation Od understandability e materiality
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