Which of the following concepts $($or principles$)$ require an assumption that the entity will remain in operation for the foreseeable future?

A$)$ Entity concept

B$)$ Faithful representation principle

C$)$ Going$-$concern concept

D$)$ Cost principle

$2.$Owner's equity is $$150,000$ and total liabilities are $$90,000.$ Total assets would be:

A$)$ $$300,000.$

B$)$ $$180,000.$

C$)$ $$60,000.$

D$)$ $$240,000.$

Which of the following groups of accounts BOTH have a credit balance as the normal balance?

A$)$ Inventory and cost of goods sold

B$)$ sales revenue and operating expense

C$)$ accumulated depreciation and capital

D$)$ Withdrawal and accounts payable