The Accounting Rule Which Requires That Only the Business Transactions

question 172

Multiple Choice

The accounting rule which requires that only the business transactions of Team Shirts be shown on the balance sheet is the ________.

• A)separate-entity assumption
• B)going-concern assumption
• C)monetary-unit assumption
• D)historical-cost principle

---

Definitions:

Camouflage

The ability of an organism to blend into its environment to hide from predators or to stalk prey.

Bilateral Symmetry

A symmetrical form in which an organism can be divided into mirrored halves along a single plane, common in the animal kingdom.

Nerve Cells

Specialized cells of the nervous system that transmit electrical and chemical signals throughout the body, also known as neurons.

Endodermal Tissue

The innermost layer of cells or tissue of an embryo in early development or the innermost layer of the plant root and shoot system.