The Accounting Principle That Requires Financial Statements to Be Prepared

question 96

Multiple Choice

The accounting principle that requires financial statements to be prepared on 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) historical cost principle
• B) business entity principle
• C) going concern principle.
• D) currency principle
• E) revenue recognition principle

Learn techniques to enhance credibility as a researcher.

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Understand the concept of classical and operant conditioning and how they can be applied to learning behaviors.

Recognize the phenomena of extinction, stimulus generalization, and stimulus discrimination within learning contexts.

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