The Assumed Continuation of a Business Entity in the Absence

question 68

Multiple Choice

The assumed continuation of a business entity in the absence of evidence to the contrary is an example of the accounting concept of

• A) accrual.
• B) consistency.
• C) comparability.
• D) going concern.

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Definitions:

Poverty

A state of economic deprivation, lacking sufficient income to meet basic needs such as food, shelter, and healthcare.

Policing

The activities of law enforcement or a specific organization tasked with maintaining order, enforcing the law, and preventing, detecting, and investigating criminal activities.

Sentencing

The act of assigning a punishment for a convicted offender by a judge in a court of law, based on the crime committed.

Medicalization

The process by which human conditions and problems come to be defined and treated as medical issues, often subject to medical study, diagnosis, and treatment.