QUESTION 50 Per the FASB conceptual framework, the absence of information to the contrary that a business will operate indefinitely is the: A. Historical cost
QUESTION 50
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Per the FASB conceptual framework, the absence of information to the contrary that a business will operate indefinitely is the:
A. Historical cost assumption.
B. Entity assumption.
C. Going concern assumption.
D. Periodicity assumption.
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Authors: Albert Thumann, William J. Younger
6th Edition
0824709985, 978-0824709983
