The Economic Entity Assumption Requires That the Activities of

question 40

Multiple Choice

The economic entity assumption requires that the activities of

• A)different entities be combined if all the entities are corporations.
• B)all entities be reported to the Securities and Exchange Commission.
• C)a sole proprietorship be combined with the personal economic events of its owners.
• D)an entity be kept separate from its owners' activities.

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Definitions:

Thalamus

The part of the vertebrate brain that serves as a main relay center, transmitting information between the spinal cord and the cerebrum.

Medulla

(1) The inner part of an organ, such as the medulla of the kidney. Compare with cortex. (2) The most posterior part of the vertebrate brain, lying next to the spinal cord.

Cerebellum

A convoluted subdivision of the vertebrate brain concerned with coordination of muscular movements, muscle tone, and balance.

Gray Matter

Nervous tissue in the brain and spinal cord that contains cell bodies, dendrites, and unmyelinated axons. Compare with white matter