Author Question: The business entity concept means that a. the owner is part of the business entity b. an entity is ... (Read 252 times)

dakota nelson · **on:** Jul 6, 2018

The business entity concept means that
a. the owner is part of the business entity
b. an entity is organized according to state or federal statutes
c. an entity is organized according to the rules set by the FASB
d. the entity is an individual economic unit for which data are recorded, analyzed, and reported

Question 2

The government-wide statement of net position must include a column for each of the following except

A. Governmental activities.
B. Business-type activities.
C. Component units.
D. Fiduciary activities.