The economic entity assumption states that economic events of every entity can be separately identified and accounted for. a. of different entities can be combined if all the entities are corporations. b. transactions can be expressed in terms of money. c. of a sole proprietorship are not to be distinguished from the personal economic events of its owners. d. must be reported to the securities and exchange commission.

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

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What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.