Which of the following accounting principles requires that financial statements should be prepared under the assumption that the business will continue operating indefinitely? A) Matching principle B) Materiality principle C) Going concern principle D) Conservatism principle

Which of the following accounting principles requires that financial statements should be prepared under the assumption that the business will continue operating indefinitely? A) Matching principle B) Materiality principle C) Going concern principle D) Conservatism principle

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 10MC: Which of the following is the principle that a business must report any business activities that...

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Question

Which of the following accounting principles requires that financial statements should be prepared under the assumption that the business will continue

operating indefinitely? A) Matching principle B) Materiality principle C) Going concern principle D) Conservatism principle

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