The Accounting Principle That Requires Financial Statements to Reflect the Assumption

question 91

Multiple Choice

The accounting principle that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold,unless evidence shows that it will not continue,is the:

• A) Cost principle.
• B) Business entity principle.
• C) Going concern principle.
• D) Monetary unit principle.
• E) Revenue recognition principle.

Identify how technology adapts and challenges existing educational and organizational ethics.

Understand the role of biometric databases in societal enhancement and ethical concerns.

Acknowledge the significance of digital dossiers and online tracking technologies in consumer behavior analysis.

Recognize the privacy concerns associated with technology use and data collection.

---

Definitions:

Impostor

A person who deceives others by pretending to be someone else.

Employer's Indorsement

A statement or annotation made by an employer on a document or instrument, often relating to the verification of employment or the endorsement of employee capabilities.

Restrictive Indorsement

An endorsement on a negotiable instrument, such as a check, that limits how the instrument can be used or who can receive it.

Contract Liability

The legal obligation that arises from entering into a contract, where parties are bound to fulfill the terms of the contract.