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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: Introduction to Financial Accounting
  5. Question
    The Owner of a Corner Store Keeps Separate Private and Business
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The Owner of a Corner Store Keeps Separate Private and Business

Question 5

Question 5

Multiple Choice

The owner of a corner store keeps separate private and business transactions.To which financial statement assumption does this relate?


A) materiality
B) accounting entity
C) accounting period
D) going concern.

Correct Answer:

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