ew History Bookmarks Window Help 68%)) Si MC Qu. 206 The going concern assumption: The going concern assumption Multiple Choice Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold Presumes that the life of a company can be divided into time periods, such as months prepared tfor those periods and years, and that usel u neports can be that we can express transactions and events in monetary or money, units can express tran Means Means that a business is accounted for separately from other business enttes, including its owner Prev 50, ill Next 2 3 4