Multiple Choice
The assumption that a business enterprise will not be sold or liquidated in the near future is known as the:
A) entity concept.
B) unit-of-measure assumption.
C) going-concern assumption.
D) periodic-reporting assumption.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q62: A company has current assets of $200,000
Q63: If a stakeholder wanted to measure the
Q64: The opening balance of retained earnings for
Q65: When a company makes a sale under
Q66: Which of the following correctly describes a
Q68: An employee worked for a small business
Q69: What is the accounting equation?<br>A)Assets + Liabilities
Q70: The following is a list of
Q71: The transition to International Financial Reporting Standards
Q72: If a company sold shares for