Which of the Following Is an Implication of the Going

question 124

Multiple Choice

Which of the following is 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 signifi?cant.
• D) All of these answers are correct.

---

Definitions:

Hypothetical Syllogism (HS)

A form of deductive reasoning that connects two conditional statements to arrive at a conclusion, if P then Q; if Q then R, therefore if P then R.

Modus Ponens (MP)

A valid form of argument where if a conditional statement ("if p then q") is accepted, and the antecedent (p) is true, then the consequent (q) must also be true.

Modus Tollens (MT)

A form of logical argument where, from "If P then Q" and "Not Q," it follows that "Not P."

Atomic Sentences

Simple sentences that cannot be divided into smaller meaningful elements within a logical structure.