The Going Concern Principle Is a Key Reason for Valuing

question 8

Multiple Choice

The going concern principle is a key reason for valuing assets and resources or liabilities at their historical costs rather than at their ____ value.

• A) Replacement
• B) Present
• C) Liquidation
• D) Discounted

---

Definitions:

Oxygen Deficiency

A condition in which there is an insufficient amount of oxygen in the body tissues or blood to meet physiological needs; also known as hypoxia.

Enlargement Of The Heart

A condition where the heart becomes larger than normal due to various reasons, including hypertension or heart disease.

Mitral Valve Prolapse

A condition where the mitral valve of the heart does not close properly, allowing blood to flow backward into the left atrium.

Left Atrium

One of the four chambers of the heart, located on the left side, which receives oxygenated blood from the lungs and pumps it into the left ventricle.