SLO-1.3. The business entity concept means that OThe owner is part of the business entity. OAn entity is organized according to state or federal statues. OAn entity is organized according to set by FASB. ●The entity is an individual economic unit for which data are recorded, analyzed, and reported.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
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SLO-1.3. The business entity concept means that
OThe owner is part of the business entity.
OAn entity is organized according to state or
federal statues.
OAn entity is organized according to set by FASB.
The entity is an individual economic unit for
which data are recorded, analyzed, and reported.
Transcribed Image Text:SLO-1.3. The business entity concept means that OThe owner is part of the business entity. OAn entity is organized according to state or federal statues. OAn entity is organized according to set by FASB. The entity is an individual economic unit for which data are recorded, analyzed, and reported.
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