As Per the ________,The Entity Will Remain in Operation for the Foreseeable

question 175

Multiple Choice

As per the ________,the entity will remain in operation for the foreseeable future.

• A) economic entity concept
• B) monetary unit assumption
• C) going concern assumption
• D) cost principle

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Definitions:

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Preferred Stock

A class of stock that entitles holders to fixed dividend payments before any distributions are made to common stockholders.

Common Stock

Represents the shares of a company that are owned by its shareholders, which entitle them to vote at shareholder meetings and to receive dividends.

Dividends

Payments made by a corporation to its shareholder members, distributing profits.