Sam Jones Owns a Local Restaurant

question 15

Multiple Choice

Sam Jones owns a local restaurant.He buys steaks from the restaurant to serve his family at home for dinner.Sam should record this sale in the restaurant's books because of the:

• A)going-concern concept.
• B)cost principle.
• C)business entity principle.
• D)materiality principle.

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Definitions:

Sentence Expresses

Conveys or represents the meaning or thought that someone wishes to communicate through words arranged logically.

Subatomic Particles

Particles that are smaller than atoms and make up the fundamental components of matter, such as electrons, protons, and neutrons.

Leptons

A fundamental family of particles in the standard model of particle physics, which includes electrons and neutrinos.

Proposition Not-p

A specific form of proposition in logic representing the negation of a certain proposition "p".