Lo 1That a business may only report activities on financial statements that are specifically related to company operations, not those activities that affect the owner personally, is known as which of the following?



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coc l 4
coc l 4

COC LEVEL 4 THEORY PART. 

LO 3.1That a business may only report activities on financial statements that are specifically related to company operations, not those activities that affect the owner personally, is known as which of the following?

2LO 3.1That companies can present useful information in shorter time periods such as years, quarters, or months is known as which of the following?

  1. separate entity concept

  2. monetary measurement concept

  3. going concern assumption

  4. time period assumption


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