menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 1: Accounting in Business
  5. Question
    The Business Entity Principle Means That a Business Will Continue
Solved

The Business Entity Principle Means That a Business Will Continue

Question 117

Question 117

True/False

The business entity principle means that a business will continue operating for an indefinite period of time.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q108: The _ assumption states that transactions and

Q112: Revenues are increases in equity from a

Q113: The income statement reports all of the

Q116: How would the accounting equation of Boston

Q118: The characteristics below apply to at least

Q119: The rule that (1) requires revenue to

Q120: Flash has beginning equity of $257,000, net

Q122: U. S. government bonds are:<br>A) High-risk and

Q151: The income statement shows the financial position

Q290: Owner's investments are increases in equity from

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines