The economic entity assumption requires that the activities Select one: a. of a sole proprietorship cannot be distinguished from the personal economic events of its owners. b. of an entity be kept separate from the activities of its owner. c. of different entities can be combined if all the entities are corporations. d. must be reported to the Securities and Exchange Commission.
The economic entity assumption requires that the activities Select one: a. of a sole proprietorship cannot be distinguished from the personal economic events of its owners. b. of an entity be kept separate from the activities of its owner. c. of different entities can be combined if all the entities are corporations. d. must be reported to the Securities and Exchange Commission.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 5P
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Question
The economic entity assumption requires that the activities
Select one:
a. of a sole proprietorship cannot be distinguished from the personal economic events of its owners.
b.
of an entity be kept separate from the activities of its owner.
of an entity be kept separate from the activities of its owner.
c. of different entities can be combined if all the entities are corporations.
d.
must be reported to the Securities and Exchange Commission.
must be reported to the Securities and Exchange Commission.
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