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The separate entity assumption requires that: a) the results of business activities are reported in an appropriate monetary unit. b) financial information can be compared

The separate entity assumption requires that:

a)

the results of business activities are reported in an appropriate monetary unit.

b)

financial information can be compared across businesses because similar accounting methods have been applied.

c)

financial information depicts the economic substance of the business activities.

d)

financial reports of a business are assumed to include the results of only that business's activities.

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