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:

Financing Statement

A legal document filed under the Uniform Commercial Code (UCC) that secures a creditor's interest in the debtor's collateral, making the security interest public record.

Implied Notice

A legal concept that suggests an individual should have known a fact due to circumstances or the fact it was obvious, even if not formally notified.

Real Estate

Real estate comprising land, the edifices built upon that land, plus the natural resources belonging to it.

Widgets

are generic terms often used to describe any product or manufactured good in business discussions or economic examples.