The Going-Concern Assumption States That The

question 89

Multiple Choice

The going-concern assumption states that the:

• A) company will always maximize the profit for stockholders.
• B) company is not expected to go out of business in the near future.
• C) company is a separate concern from the stockholders.
• D) company's results will be reported in a consistent manner from period to perioD.
• The going-concern (also called the continuity) assumption means that a business is assumed to be capable of continuing its operations long enough to meet its obligations.

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Health Problems

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Medical Professionals

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