The Assumption That a Business Is Capable of Continuing Its

question 176

Multiple Choice

The assumption that a business is capable of continuing its operations long enough to meet its obligations is called the:

• A)solvency assumption.
• B)going-concern assumption.
• C)profitability assumption.
• D)liquidity assumption.

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Definitions:

Freedom of Religion

The right to practice any religion of one's choice or to live without adhering to any, free from governmental imposition or restriction.

Seventeenth-Century Chesapeake

Referring to the Chesapeake Bay area in the 1600s, noted for its early settlement, tobacco cultivation, and indentured servant labor system.

Family Planning

A strategy for couples and individuals to decide when and how many children to have, often involving methods of birth control and fertility treatments.

Indentured Servant

A worker bound by a contract to serve an employer for a specific period of time, typically in exchange for the cost of passage to a new country.