The Going-Concern Principle Supports the Reporting of Plant Assets at Book

question 111

True/False

The going-concern principle supports the reporting of plant assets at book value rather than market value.

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Definitions:

Section 11

A provision of the Securities Act of 1933 that imposes liability on issuers for giving false or misleading information within registration statements.

Blue-Sky Laws

State securities laws designed to protect investors from fraudulent sales practices and securities offerings.

State Securities Laws

State securities laws, also known as "Blue Sky Laws," are regulations at the state level designed to protect investors against fraud and to regulate the sale and offering of securities.

Federal Law

Legislation enacted by the national government of a country.