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

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Definitions:

Cognitive Development Theory

A theory in psychology that explains how children acquire the ability to learn, think, reason, communicate, and remember over time.

Male Values

Societal norms, behaviors, and expectations traditionally deemed masculine, often emphasizing strength, independence, and competitiveness.

Female

Pertaining to the sex that is typically associated with the production of ova (eggs) and has characteristically XX chromosomes in mammals.

Tolerate Abuse

Refers to enduring or accepting harmful, violent, or demeaning behavior, often within interpersonal relationships.