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Under the Going Concern Principle,accountants Assume That the Business Will

question 29

True/False

Under the going concern principle,accountants assume that the business will remain in operations long enough to use existing resources for their intended purpose.


Definitions:

Weight Discrimination

The unfair treatment of individuals based on their weight or body size, often leading to social exclusion, health disparities, and reduced opportunities.

Racial Discrimination

Unjust treatment of individuals based on their race or ethnicity, leading to disparities in rights, resources, and opportunities.

Economic Inequality

The unequal distribution of income and opportunity between different groups in society.

Appearance

The way that someone or something looks to others, often emphasizing physical aspects such as clothing, grooming, and body shape.

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