Which Accounting Assumption Assumes That an Enterprise Will Continue in Operation

question 103

Multiple Choice

Which accounting assumption assumes that an enterprise will continue in operation long enough to carry out its existing objectives and commitments?

• A) Monetary unit assumption.
• B) Economic entity assumption.
• C) Periodicity assumption.
• D) Going concern assumption.

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Definitions:

Medications

Substances used for medical treatment, especially for the diagnosis, cure, mitigation, treatment, or prevention of disease.

Braden Scale

A tool used by healthcare professionals to predict the risk of developing pressure ulcers by assessing factors such as mobility and moisture.

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Monitor for Shock

The process of observing and assessing for signs and symptoms of shock, a life-threatening condition resulting from inadequate blood flow to parts of the body.