基础会计英文版复习预习参考题.docVIP

| 1.?A business entity is regarded as separate from the personal activities of its owners whether it is a sole proprietorship, a partnership, or a corporation.?True????False ? 2.?Assets need not always have physical characteristics such as buildings, machinery or inventory.?True????False ? 3.?The going concern principle assumes that the business will continue indefinitely.?True????False ? 4.?Notes payable and accounts payable are written promises to pay an amount owed by a certain date. Notes payable generally have interest but accounts payable generally do not.?True????False ? 5.?A net