The Accounting Assumption That the Business Will Continue Indefinitely into the Future

question 32

Multiple Choice

The accounting assumption that the business will continue indefinitely into the future is the ________________________ assumption.

• A) accounting period
• B) faithful representation
• C) understandability
• D) going concern

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Definitions:

Hypogastric Region

The lower central part of the abdomen located below the umbilical region.

Umbilicus

Also known as the navel or belly button, it is the scar on the abdomen that marks the former attachment point of the umbilical cord.

Lumbar Region

The lower part of the spine, consisting of five vertebrae, which plays a key role in supporting the upper body and allowing movement.

Blood Glucose

The sugar that is transported through the bloodstream to supply energy to cells.