The economic entity assumption
A. is inapplicable to unincorporated businesses.
B. recognizes the legal aspects of business organizations.
C. requires periodic income measurement.
D. is applicable to all forms of business organizations.
Answer:D
The economic entity assumption
A. is inapplicable to unincorporated businesses. B. recognizes the legal aspects of business organizations. C. requires periodic income measurement. D. is applicable to all forms of business organizations.