The Accounting Principle That Assumes That a Company Will Operate

question 81

Multiple Choice

The accounting principle that assumes that a company will operate in the foreseeable future is:

• A)Going concern.
• B)Objectivity.
• C)Liquidity.
• D)Disclosure.

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Definitions:

Snowplow

A vehicle or device equipped with a large blade at the front used to remove snow from surfaces such as roads and driveways.

Shear Forces

Forces that cause parts of a material to slide past one another in opposite directions, related to the internal forces acting on a structure.

Suspension Mount

A structural component that connects the suspension system to the vehicle's frame or body, providing support and isolation from vibrations.

C-Channel

A structural profile shaped like a "C", commonly used in construction and manufacturing for its strength and versatility.