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Marsha Bogswell Is the Owner of Bogswell Legal Services

Question 89

Multiple Choice

Marsha Bogswell is the owner of Bogswell Legal Services. Which accounting principle requires Marsha to keep her personal financial information separate from the financial information of Bogswell Legal Services?


A) Expense recognition (Matching) principle.
B) Going-concern assumption.
C) Monetary unit assumption.
D) Measurement (Cost) principle.
E) Business entity assumption.

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