The Continuity Assumption Holds That the Entity Will Continue in Business

question 53

True/False

The continuity assumption holds that the entity will continue in business for the foreseeable future but it does not mean that it will be a going concern forever.

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Definitions:

Network Cable

A medium used for the interconnection of computers and other network devices to transfer data or signals.

Data Packets

Units of data transmitted over a network, carrying the data payload along with header and trailer information.

Network Interference

Unwanted or disruptive signals that impair the performance and reliability of a network, affecting the quality of communication and data transmission.

Transmission Media

The physical or wireless pathways that connect devices in a network, enabling data transmission between them.