A retailer opening a store in a location where it has no or little recognition should use a(n) _____ advertisement

A use of cash for investing activities is ________

A) payment of an account payable B) payment of dividends C) cash used to buy equipment D) cash used to purchase treasury stock

All of the following are true statements about the entity assumption EXCEPT for:

A) the entity assumption draws a sharp boundary around each entity. B) the transactions of the business cannot be combined with the transactions of the owner. C) under the entity assumption, the entity is any organization that stands apart as a separate economic unit. D) the entity assumption ensures that the business will continue indefinitely.