The assumption indicates that a company will not be sold or liquidated in the near future. а. economic entity O b. materiality O c. going concern O d. monetary unit

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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The
assumption indicates that a company will not be sold or liquidated in the
near future.
а.
economic entity
b. materiality
C. going concern
O d. monetary unit
Transcribed Image Text:The assumption indicates that a company will not be sold or liquidated in the near future. а. economic entity b. materiality C. going concern O d. monetary unit
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