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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

  1. 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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