The Underlying Assumptions of Accounting Include All of the Following

question 75

Multiple Choice

The underlying assumptions of accounting include all of the following except:

• A) unit-of-measure.
• B) separate entity.
• C) time period.
• D) continuity.
• E) conservatism.

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Definitions:

Vacate the Premises

To leave a property, making it available for others to occupy or use.

Make Repairs

The process of fixing or restoring something to its original state or to working condition.

Sublease

A transfer of some but not all of a tenant’s remaining right to possess property under a lease.

Assignment

Process of transferring one's interest or benefit in a contract or property to another party, effectively changing the party responsible.