Multiple Choice
Marsha Bogswell is the owner of Bogswell Legal Services, Inc. Which accounting principle requires Marsha to keep her personal financial information separate from the financial information of Bogswell Legal Services, Inc.?
A) Monetary unit assumption.
B) Going-concern assumption.
C) Cost principle.
D) Business entity assumption.
E) Matching principle.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: If assets are $99,000 and liabilities are
Q22: The statement of cash flows identifies cash
Q77: Verity Siding Company, Inc., owned by S.
Q80: A company's operating and financing totals are
Q83: The accounts of Mason Company at the
Q86: Which of the following accounts is not
Q120: Chou Co.has a net income of $43,000,assets
Q155: Return on assets is often stated in
Q206: The purchase of supplies appears on the
Q224: _ are beliefs that separate right from