Which of the Following Is NOT an Implication of the Going-Concern

question 22

Multiple Choice

Which of the following is NOT an implication of the going-concern assumption?

• A) The historical cost principle is credible.
• B) Depreciation and amortization policies are justifiable and appropriate.
• C) The current/noncurrent classification of assets and liabilities is justifiable and significant.
• D) Amortizing research and development costs over multiple periods is justifiable and appropriate.