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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 14: Accounting Principles and Reporting Standards
  5. Question
    The Separate Entity Assumption Permits Businesses to Record Property and Equipment
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The Separate Entity Assumption Permits Businesses to Record Property and Equipment

Question 60

Question 60

True/False

The separate entity assumption permits businesses to record property and equipment as assets that will provide benefits in future periods.

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