Answered: Which of the following means that…

Which of the following means that company to last long enough to fulfill objectives and commitments. A Going concern. B Accrual basis accounting. Monetary unit. D Economic entity.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4MC: Which of the following terms is used when assuming a business will continue to operate in the...

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Which of the following means that company to last long enough to fulfill objectives and commitments.
(A) Going concern.
(B) Accrual basis accounting.
Monetary unit.
Economic entity.

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