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Minka has received several flyers in her mailbox from different community churches, urging her to come out for pizza nights and evening services or to religiously themed movie nights. Which of the following concepts is reflected in this situation?
Going-concern Assumption
An accounting principle that assumes a business will continue to operate indefinitely, rather than being liquidated.
Financial Statements
Standardized documents that provide an overview of a company's financial performance and position, including the balance sheet, income statement, and cash flow statement.
Operating
Pertains to the regular, ongoing activities of a business that are involved in the production or sale of goods and services.
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