Part One Time left 00:49:17 Question 13 Not yet answered Marked out of 2.00 XYZ firm is proved to be bankrupt. Which basic assumption may not be followed? Select one a. Economic entity assumption b. Periodicity assumption o o o o c. Going concern assumption d. Monetary unit assumption Question 14 Not yet answered Marked out of 2.00 A company has a performance obligation when it agrees to Select one: a Sella product to a customer after receiving payment 0 . None of these ANSWERS are correct. c. Perform a service for a customer and receives cash payment d. Perfom a service or sell a product to a customer