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:
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economic entity assumption. |
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materiality. |
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going concern assumption. |
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fair value principle. |
Which of the following is not a category to measure financial statement elements?
Question 13 options:
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Cash-flow measures. |
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Current (market) value measures. |
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Cost-based measures. |
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Hybrid measures. |
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