The Going Concern Assumption Underlying the Preparation of Financial Statements

question 27

Multiple Choice

The going concern assumption underlying the preparation of financial statements is also know as:

• A) the continuity assumption
• B) the matching principle
• C) the prudence principle
• D) the historical cost measurement basis

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Definitions:

Horizontal Axis

In graphing, it is the x-axis, which runs horizontally and often represents the independent variable in data representation.

Behavioral Intervention Plan

A strategic plan designed to address problem behaviors by identifying the underlying reasons and implementing strategies to improve or modify the behavior.

Summary of Findings

A concise recapitulation of the major outcomes and conclusions drawn from a research study or analysis.

Functional Behavioral Assessment

A systematic process of gathering information about the purposes (functions) of specific behaviors in order to address challenging behaviors.