For Classification Essays, Divide the Item into ___ Type(s)

question 4

Multiple Choice

For classification essays, divide the item into ___ type(s) .

• A) two
• B) one
• C) one to two
• D) three or more

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Definitions:

Business Entity Principle

The accounting concept that separates the transactions of a business from those of its owners or other businesses.

Operating

Pertaining to the core business functions and activities of an organization that contribute to the production of goods or services.

General Principles

Broad and fundamental guidelines or rules that form the basis for a field of study or profession.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, notably in the United States.