Question: As per the q , , the entity will remain in operation for the foreseeable future. A . economic entity concept B . cost principle

As per the q,, the entity will remain in operation for the foreseeable future.
A. economic entity concept
B. cost principle
C. going concern assumption
D. monetary unit assumption
As per the q,, the entity will remain in operation for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

As per the _ _ _ _ _ _ _ _ , the entity will remain in operation for the foreseeable future. economic entity concept monetary unit assumption going concern assumption cost principle

Q:

TIPLE CHoICE. Choose the one alternative that completes the statement or answers the question. best accepted of creating and/or using generally 1) Many organizations have contributed to the process...

Q:

Which of the following concepts ( or principles ) require an assumption that the entity will remain in operation for the foreseeable future? A ) Entity concept B ) Faithful representation principle C...

Q:

2. Which of the following statements is true of a sole proprietorship? A) A sole proprietorship joins two or more individuals as co-owners. B) The sole proprietor is personally liable for the...

Q:

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. I) GAAP refers to guidelines for accounting information in the United States. The acronym GAAP...

Q:

1. Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers O True O False 2. Accounting starts...

Q:

Managerial accounting provides information to _ _ _ _ _ _ _ _ . A ) internal decision - makers B ) outside investors and lenders C ) creditors D ) taxing authorities 2 . The field of accounting that...

Q:

1 Since cost is a reliable measure, the cost principle holds that the accounting records should continue reporting an asset at its historical cost over its useful life. True or False 2 Outside...

Q:

ACG2001 PRINC ACCT I Chapter 1 - Study Notes ( These notes are selected topics to study, they do not replace the text book ) Accounting is an information and measurement system that identifies,...

Q:

TRUE FALSE. Write T if the statement is true and F if the statement is false. 1) Accounting is the information system that measures business activities, processes the information into reports, and...

Q:

An π-pyramid is created with π blocks at the base, π − 1 blocks on the next level, until the peak which has 1 block. Pyramids are colored according to the following rules: (1) Each...

Q:

A nonuniform linear charge distribution given by = bx, where b is a constant, is located along an x axis from x = 0 to x = 0.20 m. If b = 20 nC/m2 and V = 0 at infinity, what is the electric...

Q:

Chapter 20 Questions 1 & 3 1. We said that options can be used either to scale up or reduce overall portfolio risk. What are some examples of risk-increasing and risk-reducing options strategies?...

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...