The Business Entity concept indicates

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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1

The Business Entity concept indicates
A. That a subsidiary of a parents
company should be reported as a
separate business entity
All components controlled by a
business must be reported on a
consolidated basis
A business with franchises must
consolidate the franchise stores into
their financial statements
The owner of a sole proprietorship is
considered the same as the business
B.
C.
D.
Transcribed Image Text:The Business Entity concept indicates A. That a subsidiary of a parents company should be reported as a separate business entity All components controlled by a business must be reported on a consolidated basis A business with franchises must consolidate the franchise stores into their financial statements The owner of a sole proprietorship is considered the same as the business B. C. D.
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