According to the Entity Concept

question 7

Multiple Choice

According to the entity concept
I.each unit must keep separate records.
II.each unit reports the results of operations separate and apart from owners.
III.every unit is liable for tax on its income.
IV.each unit is classified as one of two basic entity types.
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• A)Statements I and II are correct.
• B)Statements II and III are correct.
• C)Only statement IV is correct.
• D)Statements I, III, and IV are correct.
• E)Statements I, II, and IV are correct.

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Definitions:

Staged Manipulation

A technique in experimental research where situations or events are deliberately created by the researcher to elicit a behavior.

Self-Report

A method where individuals provide information about themselves, typically through questionnaires or interviews.

Physiological

Pertaining to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Behavioral

Pertaining to or involving actions and responses observable in living organisms, particularly in humans and animals.