Which Assumption Is Applied When Laramie Recognizes the Operations of Its

question 64

Multiple Choice

Which assumption is applied when Laramie recognizes the operations of its wholly owned subsidiary, Big Sky, separately and distinctly from its own operations?

• A)Economic entity assumption
• B)Going concern assumption
• C)Fiscal period assumption
• D)The subsidiary stability assumption

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Definitions:

Environmental Engineer

A professional who applies scientific and engineering principles to improve and maintain the environment, addressing issues like water and air pollution to protect human health and promote sustainability.

Wastewater Treatment

The process of removing contaminants from wastewater, primarily from household sewage and industrial waste, to produce water that is safe to release into the environment.

McGregor's Theory

A concept in management theory, divided into Theory X and Theory Y, that describes two contrasting views of workforce motivation and behavior.

Expectancy Theory

A motivational theory suggesting that individual motivation is influenced by the expectation of desired outcomes and the attractiveness of those outcomes.