Which of the Following Statements Is False

question 42

Multiple Choice

Which of the following statements is false?

• A)The going concern assumption states that the business will continue in operation for the foreseeable future.
• B)If a company is not a going concern, the classification of its assets and liabilities does not matter.
• C)The going concern assumption underlies the preparation of financial statements.
• D)The going concern assumption does not create a foundation for the accounting process.

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Definitions:

Agency's Social Networking

Agency's Social Networking involves the use of social media platforms by organizations to communicate with clients, promote services, and engage with the community.

Nursing Policy

Guidelines and principles that govern nursing practice and healthcare delivery in various settings.

Fall Prevention Protocol

Strategies and interventions designed to reduce the risk of falls, especially in healthcare settings and among the elderly.

Biased

Showing an unfair tendency to favor one side or opinion over another.