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Question
Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high revenues if he can plan and execute the mission of the business well. Which of the following basic accounting concepts is reflected in Bob's assumption?A. The business entity idea
B. The going concern expectation
C. The accounting equation
D. The revenue and expense premise
Answer
This answer is hidden. It contains 72 characters.
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