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.

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Definitions:

Impaired Verbal Communication

A condition characterized by a decreased, delayed, or nonexistent ability to receive, process, transmit, and use a system of symbols.

Garbled

A message or information that is distorted or unclear.

Hearing Aid

A device used to improve hearing by making sounds louder and clearer for people with hearing impairment.

14-point Print

A readable font size often recommended for individuals with visual impairment, making printed material more accessible.