The business entity concept requires that a business is treated as being separate from its owners. Is this statement true or false?
举一反三
- A business entity is regarded as separate from the personal activities of its owners.
- A business entity is regarded as separate from the personal activities of its owners. A: 正确 B: 错误
- A business entity is regarded as separate from the personal activities of its owners whether it is a sole proprietorship, a partnership, or a corporation.
- The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the: () A: Going-concern<br/>assumption. B: Business entity assumption. C: Objectivity principle. D: Cost<br/>Principle.
- The business entity assumption means that a business is accounted for separately from other business entities, including its owner or owners.