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
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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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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