The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:
A. Revenue recognition principle.
B. Going-concern assumption.
C. Time-period assumption.
D. Business entity assumption.
E. Measurement (Cost) principle.
Answer: D
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A. A metropolitan area network B. A nanonetwork C. An intranet D. A peer-to-peer network
Vendors extend trade credit when they deliver product without demanding immediate payment
Indicate whether the statement is true or false
Affirmative action programs are often found to be unconstitutional because they deprive members of protected classes of equal protection.
Answer the following statement true (T) or false (F)
Which of the following statements about 360-degree feedback is true?
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