The Assumed Continuation of a Business Entity in the Absence

question 68

Multiple Choice

The assumed continuation of a business entity in the absence of evidence to the contrary is an example of the accounting concept of

• A) accrual.
• B) consistency.
• C) comparability.
• D) going concern.

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Definitions:

Enthymeme

A rhetorical syllogism missing one of the premises or the conclusion, used in persuasive speech.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Distributed

Spread out or dispersed over a wide area or among a large number of people.

Enthymeme

A rhetorical argument that is comprised of a premise and a conclusion but leaves one premise unstated.