Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

Which accounting concept assumes that a business will continue to operate indefinitely? A . Going Concern B . Consistency C . Matching D . Prudence

Which accounting concept assumes that a business will continue to operate indefinitely?

.

Going Concern

.

Consistency

.

Matching

.

Prudence

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T Horngren

4th Edition

0131797395, 978-0131797390

More Books

Students also viewed these Accounting questions

Question

★★★★★

In 2005, the Statistical Society of Canada (SSC) had 864 members listed in the online directory. An SRS of 150 of the members was selected; the sex and employment category (industry, academic,...

Answered: 1 week ago

Question

★★★★★

Usingonly the available20%tolerance3 standard-value resistors in the insideback cover, design a voltage divider to obtain 2:9 V20% from a 5-V source using only two resistors

Answered: 1 week ago

Question

★★★★★

List the characteristics of wellset goals.

Answered: 1 week ago

Question

★★★★★

Summary operating data for Eco-Windows Company during the current year ended June 30, 20Y6, are as follows: cost of merchandise sold, $3,800,000; administrative expenses, $1,200,000; interest...

Answered: 1 week ago

Question

★★★★★

Please help Garage Hardware Ltd. provides a product warranty for defects on a major line (Line B) of items sold since the beginning of 20X5. Line B carries a three-year warranty for parts and...

Answered: 1 week ago

Question

★★★★★

A U.S. multinational corporation has divided its operations into several operating segments and has provided the following data for each segment: It is important to note that all purchases of goods...

Answered: 1 week ago

Question

★★★★★

Following the STAR (Situation, Task, Action, Result) method,answer these questions: 1. Tell me about a time when you had to use good decision-makingand problem-solving skills in order to accomplish...

Answered: 1 week ago

Question

★★★★★

Describe Hofstede's Cultural Framework AND list and describe the four dimensions of the framework? Describe the GLOBE Framework AND list the six leadership profiles that the GLOBE Framework...

Answered: 1 week ago

Question

★★★★★

PART B Question 2 (18 marks) M. H. Acosta, CA, completed these transactions during November of the current year: Nov. 1 Nov. 2 Nov. 4 Nov. 8 Nov. 10 Nov. 14 Nov. 18 Nov. 27 Nov. 30 Began a public...

Answered: 1 week ago

Question

★★★★★

(a) In general, why are any of the bagging, boosting, & random forest approaches typically preferred to a single model approach? (b) How does Random Forest approach differ from Bagging approach?

Answered: 1 week ago

Question

★★★★★

Based on the figure below, which country has the riskiest surplus/deficit as a percentage of GDP ratio? Italy Netherlands Switzerland

Answered: 1 week ago

Question

★★★★★

Describe an instance of Strategic Corporate Philanthropy. Please include the following elements: What type of philanthropy did they engage in? Who were the recipients? Why was it strategic? Make sure...

Answered: 1 week ago

Question

★★★★★

2. Many of the Top Small Workplace managers report that they invest more in training, recognition awards, and incentive programs than competing firms. They say these investments result in reduced...

Answered: 1 week ago

Question

★★★★★

Understand how to use positive reinforcement to improve relationships and reward behavior.

Answered: 1 week ago

Question

★★★★★

1. Carefully review the employee development practices initiated by managers at Decagon Devices Inc. and Paducah Bank & Trust Company. Determine which of these practices would be most appealing to...

Answered: 1 week ago

Previous Question Next Question