The assumption that an entity will continue to operate for the foreseeable future is called: A. accrual
Question:
The assumption that an entity will continue to operate for the foreseeable future is called:
A. accrual basis.
B. comparability.
C. going concern.
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Step by Step Answer:
The answer is C Going Concern The going concern principle is a fundamenta...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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