FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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