1 the monetary unit assumption multiple choice means that a business is accounted for separately from other…

1 the monetary unit assumption multiple choice means that a business is accounted for separately from other business entities, including its owner means that transactions and events are expressed in monetary, or money, units. presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. prescribes that a company record the expenses it incurred to generate the revenue reported. means that accounting information presumes that the business will continue operating instead of being closed or sold.

1 the monetary unit assumption multiple choice means that a business is accounted for separately from other business entities, including its owner means that transactions and events are expressed in monetary, or money, units. presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. prescribes that a company record the expenses it incurred to generate the revenue reported. means that accounting information presumes that the business will continue operating instead of being closed or sold.

Answer

Brief Explanations:

The monetary - unit assumption in accounting states that transactions and events are expressed in monetary, or money, units. This allows for consistent and comparable financial reporting.

Answer:

Means that transactions and events are expressed in monetary, or money, units.