Which of the Following Concepts (Or Principles)would Dictate That a Person

question 22

Multiple Choice

Which of the following concepts (or principles) would dictate that a person with three different businesses keep three different bank accounts?

• A)Cost principle
• B)Going- concern concept
• C)Entity concept
• D)Matching principle

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Definitions:

Co-Parent Family

A family structure where parents work together to raise their child or children, often despite being separated, divorced, or not living together.

Co-Mother Family

A family structure in which two women raise children together, each assuming maternal roles and responsibilities.

Stepparent Roles

The duties and responsibilities adopted by individuals who marry or partner with someone who already has children from a previous relationship.

Child-Rearing Tasks

The responsibilities and activities involved in raising and nurturing children, including their physical, emotional, spiritual, and educational needs.