Multiple Choice
For each statement provided, choose the letter of the appropriate term from the list that each statement best describes.Some terms may be used more than once, while others are not used at all.
-The assumption that an entity is not in the process of liquidation and that it will continue indefinitely.
A) Capital stock
B) Asset
C) Owners' equity
D) Time period
E) Dividends
F) Economic entity concept
G) Expense
H) Retained earnings
I) Cost principle
J) Creditor
K) Liability
L) Revenue
M) Going concern
N) Monetary unit
O) Corporation
Correct Answer:

Verified
Correct Answer:
Verified
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