The Going-Concern Assumption States That The

question 178

Multiple Choice

The going-concern assumption states that the:

• A)company will always maximize the profit for stockholders.
• B)company is not expected to go out of business in the near future.
• C)company is a separate concern from the stockholders.
• D)company's results will be reported in a consistent manner from period to period.

---

Definitions:

Biotic Pollution

The negative impact on ecosystems and native species caused by the introduction and spread of invasive organisms.

In Situ Conservation

Conservation efforts that concentrate on preserving biological diversity in the wild.

Greenhouse Gas Accumulation

The build-up of greenhouse gases in the Earth's atmosphere, contributing to global warming and climate change.

Endangered Species Act

A law enacted to protect critically endangered species from extinction as a consequence of economic growth and development untempered by adequate concern and conservation.