Which Concept Is the Reason the Dollar Is Used in the Preparation

question 66

Multiple Choice

Which concept is the reason the dollar is used in the preparation of financial statements?

• A)Going concern
• B)Legal entity
• C)Consistency
• D)None of these choices.

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Definitions:

Production Goods

Items used in the manufacturing process to produce other goods, including raw materials, machinery, and components.

Support Products

Goods and services bought to be used in the production of other products or to facilitate an organization's operations.

Supplies

Materials, goods, or equipment required for the operation of a business or for completing a specific task.

Stationery

Writing materials and office supplies, such as paper, envelopes, and writing instruments, used for personal and business correspondence.