The CEO of a business owns a home and two automobiles.The company the CEO works for also owns automobiles and a home in a remote area used for strategic planning meetings by its executives.Which principle or assumption "draws a sharp boundary" around the possessions of the CEO and the assets of the business for which he works?
A) the entity assumption
B) the stable-monetary-unit assumption
C) the going-concern assumption
D) the objectivity assumption
Correct Answer:
Verified
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