Question
The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows
The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the
A.Going-concern assumption
B.Monetary unit assumption
C.Time-period assumption
D.Business entity assumption
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
