FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The valuation of a promise to receive cash i the future at present value on the financial statemetns of a company is valid because of the accounting concept of: A. Entity B. Materiality C. Going concern D. Neutrality I think it is C Going Concern because it has to do with cash flow in a future period. Thanks.
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Transcribed Image Text:The valuation of a promise to receive cash i the future at present value on the financial statemetns of a company is valid because of the accounting concept of: A. Entity B. Materiality C. Going concern D. Neutrality I think it is C Going Concern because it has to do with cash flow in a future period. Thanks.
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