An accounting entity may best be described as:
A) An individual.
B) A particular economic unit.
C) A publicly owned corporation.
D) Any corporation, regardless of size.

Name: An accounting entity may best be described as: A) An individual. B) A particular economic unit. C) A publicly owned corporation. D) Any corporation, regardless of size.
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Question

Quizplus · Accepted Answer

An accounting entity is a particular economic unit that is separate and distinct from its owners and other entities.

An Accounting Entity May Best Be Described As