Which Accounting Assumption Assumes That an Enterprise Will Continue in Operation

question 137

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

Apply best practices for designing aesthetically pleasing and functional Excel worksheets.

Recognize and use Excel's tools for data verification and validation.

Understand the impact of color choices in digital designs.

Identify and use basic Excel shortcuts and functions.

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Definitions:

Generalist Practice

Generalist practice refers to a broad approach in various professional fields, such as social work, where practitioners possess a wide range of skills to address diverse client needs.

Systems Model

A theoretical framework that represents and analyzes a complex system by identifying its components and their interactions.

Dynamic Concept

A principle or idea characterized by constant change, activity, or progress.

Competency

Competency represents a set of defined skills, knowledge, behaviors, and abilities that are required to perform tasks effectively and efficiently.