Examlex
Which of the following is NOT a feature of urban life?
Corporation
A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.
Going-concern Assumption
An accounting principle that assumes a business will continue to operate indefinitely, rather than being liquidated.
Financial Statements
Standardized documents that provide an overview of a company's financial performance and position, including the balance sheet, income statement, and cash flow statement.
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