The Assumption That a Business Enterprise Will Not Be Sold

question 67

Multiple Choice

The assumption that a business enterprise will not be sold or liquidated in the near future is known as the:

• A)entity concept.
• B)unit-of-measure assumption.
• C)going-concern assumption.
• D)periodic-reporting assumption.

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Definitions:

Mouth

The opening in the face used for eating, breathing, and vocalization, including the lips, tongue, teeth, and salivary glands.

Digestive System

The group of organs responsible for breaking down food, absorbing nutrients, and eliminating waste.

Pancreatic Juices

Digestive fluids produced by the pancreas that contain enzymes to help break down carbohydrates, proteins, and fats.

Bile

A digestive fluid produced by the liver and stored in the gallbladder, involved in the digestion of fats.