Accounting principle problem

Assignment Help Accounting Basics

Reference no: EM13121999

Apply accounting principle to this question:

Genesis Corporation is now in its 30th year of business. The founder of company is planning to retire at the end of year and turn the business over to his daughter.

Possible answers:

a) economic entity
b) monetary unit
c) cost principle
d) going concern
e) time period

Reference no: EM13121999

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