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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 2: Analyzing Transactions: the Accounting Equation
  5. Question
    According to the Business Entity Concept,a Proprietor May Include Nonbusiness
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According to the Business Entity Concept,a Proprietor May Include Nonbusiness

Question 16

Question 16

True/False

According to the business entity concept,a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records.

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