A business is separate from its owners; this concept is known as:

In accounting for credit losses:

Select one: A. The allowance method matches losses with related sales better than the direct write-off method B. The direct write-off method involves estimating credit losses C. The direct write-off method consistently understates assets on the balance sheet D. Both B and C

A salesperson who represents the seller is showing a house to a prospective buyercustomer. The salesperson knows that the house has water problems in its basement. Which of the following is true?

A) Withholding the information properly protects the confidence of the seller. B) Disclosing the information could create a fiduciary relationship with the buyer. C) Withholding the information prevents the buyer from making an informed decision. D) Disclosing the information violates the salesperson's fiduciary duty to the seller.