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The economic entity assumption states that economic events:

a. of different entities can be combined if all the entities are corporations.

b. must be reported to the Securities and Exchange Commission.

c. of a sole proprietorship cannot be distinguished from the personal economic events of its owners.

d. of every entity can be separately identified and accounted for.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408788

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