3 (1 point) In determining the profit of an entity which of the following measurement principles states that it is assumed the enterprise will continue in operational existence for the foreseeable future? Accruals Matching Going concern Consistency Question 1 (1 point) The reducing balance method of depreciating non-current assets is more appropriate than the straight-line method in which of the following situations? The asset decreases in value less in later years than in the early years of use The useful life of the asset is not capable of being estimated There is no residual value for the asset The asset is expected to be replaced in a short period of time Question 2 (1 point) What is the effect of selling goods on credit to a customer, with payment due within 30 days? decrease sales decrease receivables increase sales decrease cash increase sales increase receivables increase purchases increase payables