Which of the Following Assumptions Implies That the Assets and Liabilities

question 90

Multiple Choice

Which of the following assumptions implies that the assets and liabilities of the business are accounted for separately from the assets and liabilities of the owners?

• A)Monetary unit assumption.
• B)Continuity assumption.
• C)Historical cost principle.
• D)Separate entity assumption.

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Definitions:

Classical Organizational Theorists

Scholars and practitioners who contributed to the development of early theories about the structure, functioning, and management of organizations.

Product Departmentation

An organizational structure method where a business is divided based on its products or services.

Complexity

The state or quality of being intricate, complicated, or detailed.

Decentralization

The process of distributing and delegating power away from a central authority in organizations or systems.