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    Financial and Managerial Accounting Study Set 8
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    Exam 2: Basic Financial Statements
  5. Question
    The Entity Principle States That the Affairs of the Owners
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The Entity Principle States That the Affairs of the Owners

Question 122

Question 122

True/False

The entity principle states that the affairs of the owners are not part of the financial
operations of a business entity and should be separated.

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