contestada

The economic entity assumption requires that the activities_____________.
a) of a sole proprietorship cannot be distinguished from the personal economic events of its owners.b) of different entities can be combined if all the entities are corporations.c) must be reported to the Securities and Exchange Commission.d) of an entity be kept separate from the activities of its owner.

Respuesta :

Answer:

d) of an entity be kept separate from the activities of its owner.

Explanation:

According to the economic entity assumption, it stated that the business or entity is separated from its owners. That means the business transactions of the entity is separated from the business transactions of the owners as the owner's transactions include the personal transactions.  

These personal transactions would not be included in the company books.  

Hence, it is not legally separated but it is separated for the accounting purpose

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