The rule that prescribes financial statements reflect the assumption that the business will continue operating instead of
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The rule that prescribes financial statements reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:
a. Going-concern assumption.
b. Business entity assumption.
c. Matching principle.
d. Cost Principle.
e. Monetary unit assumption.
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Related Book For
College Accounting Ch 1-14
ISBN: 9780073346892
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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