All of the Following Are True Statements About the Entity

question 150

Multiple Choice

All of the following are true statements about the entity assumption EXCEPT for:

• A) the entity assumption draws a sharp boundary around each entity.
• B) the transactions of the business cannot be mingled with the transactions of the owner.
• C) the entity assumption ensures that the business will continue indefinitely.
• D) under the entity assumption, the entity is any organization that stands apart as a separate economic unit

---

Definitions:

Facebook

A social media platform that allows users to connect, share photos and videos, and participate in various forms of online communication.