Which of the Following Assumptions Implies That a Business Can

question 110

Multiple Choice

Which of the following assumptions implies that a business can continue to remain in operation into the foreseeable future?

• A)Historical cost principle.
• B)Monetary unit assumption.
• C)Continuity assumption.
• D)Separate-entity assumption.

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Definitions:

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries.

Abnormality

Abnormality refers to a deviation from the norm or average, often used in medical, psychological, and biological contexts to describe differences in behavior, structure, or function.

Major Events

Significant occurrences or milestones that have a profound impact on individuals or communities.

Philippe Pinel

A French physician credited with pioneering humane treatment and moral therapy for the mentally ill in the late 18th and early 19th centuries.