Which of the Following Is Not an Implication of the Going-Concern

question 18

Multiple Choice

Which of the following is not an implication of the going-concern assumption?

• A) The historical cost principle is credible.
• B) Depreciation and amortization policies are justifiable and appropriate.
• C) The current/noncurrent classification of assets and liabilities is justifiable and significant.
• D) Amortizing research and development costs over multiple periods is justifiable and appropriate.

---

Definitions:

Traditional Behaviorism

A branch of psychology that studies observable behaviors as a response to stimuli, without considering internal processes.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and emotions.

Allocare

Literally, “other-care”; the care of children by people other than the biological parents.

Biological Parents

The parents who are genetically related to the child, typically referring to the mother and father from whom the child inherits DNA.