Which of the following terms is used when assuming a business will continue to operate in theforeseeable future?A. separate entity conceptB. monetary measurement conceptC. going concern assumptionD. time period assumption
Which of the following terms is used when assuming a business will continue to operate in theforeseeable future?A. separate entity conceptB. monetary measurement conceptC. going concern assumptionD. time period assumption
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 4MC: Which of the following terms is used when assuming a business will continue to operate in the...
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Which of the following terms is used when assuming a business will continue to operate in the
foreseeable future?
A. separate entity concept
B. monetary measurement concept
C. going concern assumption
D. time period assumption
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