The assumption that a business enterprise will not be sold or liquidated in the foreseeable future is known as the: Question 12 options: economic entity assumption. materiality. going concern assumption. fair value principle.Which of the following is not a category to measure financial statement elements? Question 13 options: Cash-flow measures. Current (market) value measures. Cost-based measures. Hybrid measures.

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The assumption that a business enterprise will not be sold or liquidated in the foreseeable future is known as the: Question 12 options: economic entity assumption. materiality. going concern assumption. fair value principle.

The assumption that a business enterprise will not be sold or liquidated in the foreseeable future is known as the: Question 12 options: economic entity assumption. materiality. going concern assumption. fair value principle.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The assumption that a business enterprise will not be sold or liquidated in the foreseeable future is known as the:

Question 12 options:

	economic entity assumption.
	materiality.
	going concern assumption.
	fair value principle.

Which of the following is not a category to measure financial statement elements?

Question 13 options:

	Cash-flow measures.
	Current (market) value measures.
	Cost-based measures.
	Hybrid measures.

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