Answered: A concept that a business enterprise…

A concept that a business enterprise will not be sold or liquidated in the nearfuture is known as :(a) Going concern(b) Economic entity(c) Monetary unit(d) None of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 12GI

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Question

A concept that a business enterprise will not be sold or liquidated in the near
future is known as :
(a) Going concern
(b) Economic entity
(c) Monetary unit
(d) None of the above

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