menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 1: Accounting in Business
  5. Question
    The ________ Assumption Assumes That a Business Will Continue Operating
Solved

The ________ Assumption Assumes That a Business Will Continue Operating

Question 171

Question 171

Short Answer

The ________ assumption assumes that a business will continue operating indefinitely instead of being closed or sold.

Correct Answer:

verifed

Verified

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

Related Questions

Q166: If the liabilities of a company increased

Q167: _ explains changes in the owner's claim

Q168: Owner financing refers to resources contributed by

Q169: A limited liability company offers the limited

Q170: Atkins Company collected $1,750 as payment for

Q172: All of the following are true regarding

Q173: Internal operating activities include research and development,

Q174: What distinguishes liabilities from equity?

Q175: The International Accounting Standards Board (IASB):<br>A) Only

Q176: A parcel of land is offered for

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