Genity Corporation records business transactions in dollars and disregards changes in the value of a dollar over time. Which of the following accounting assumptions does this represent?
A) economic entity assumption
B) going concern assumption
C) accounting period assumption
D) monetary unit assumption
D
Business
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The organizational strategy is indirect when the conclusions and recommendations, if requested, appear at the end of the report.
a. true b. false
Business
Thinking Cap Corp. prices its various cap designs at different price levels, ranging from $2.05 to $5.95. This is an example of optional product pricing
Indicate whether the statement is true or false
Business