The going concern assumption Multiple-Choice be prepared for those periodr. Means that we can expresis trantsocoons and events in monetity, or money, unith. Meoris thot a bubnuss is accounied for separate-ly from other business ensities, inchioing iss owner. Means that accounting informeton ptosumes thet the butineas wil continue operating instead of being ciosed or sold Prescribes that a company record the expenses it incurred to generote the revenue teported