In This Stage,which May Last a Few Minutes or for a Few

question 16

Multiple Choice

In this stage,which may last a few minutes or for a few sessions,members are building trust to set the stage for meaningful sharing.​

• A) ​Closing
• B) ​Transition
• C) ​Beginning
• D) ​Middle/working

---

Definitions:

Equity

The value of an ownership interest in property or a business, calculated as total assets minus total liabilities; represents what the owners' claim on the assets is.

Entity Assumption

The accounting principle that treats a business as a separate legal and accounting entity, distinct from its owners, managers, or operators.

Historical Cost Principle

An accounting principle that assets should be recorded and reported at their original purchase cost.

Going-Concern Assumption

An accounting principle assuming that a company will continue to operate indefinitely and not go bankrupt, impacting financial decisions and reporting.