The Assumption That a Business Enterprise Will NOT Be Sold

question 10

Multiple Choice

The assumption that a business enterprise will NOT be sold or liquidated in the near future is known as the

• A) economic entity assumption.
• B) monetary unit assumption.
• C) fair value principle.
• D) going concern assumption.

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Definitions:

Ex-Confederate States

The states that seceded from the Union and formed the Confederacy during the American Civil War, working to reintegrate into the United States post-war.

Fourteenth Amendment

An amendment to the United States Constitution granting citizenship to all persons born or naturalized in the U.S. and protecting civil liberties.

Confederate States

Constitutes the group of southern states that seceded from the United States from 1860-1861, leading to the American Civil War.