Question
17. The going concern principle assumes that the business will continue to exist and there is no intention to liquidate its assets. a. True b.
17. The going concern principle assumes that the business will continue to exist and there is no intention to liquidate its assets. a. True b. False
18. Accounts receivable represent the amount of money owed to a business by others (such as customers) and thus is considered to be one of that businesss asset accounts.
a. True b. False
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McMillan On Options
Authors: Lawrence G. McMillan
2nd Edition
0471678759, 978-0471678755
