Which accounting assumption assumes that an enterprise will continue in

Which accounting assumption assumes that an

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84.Which accounting assumption assumes that an enterprise will continue in operation longenough to carry out its existing objectives and commitments? a.Monetary unit assumptionb.Economic entity assumptionc.Periodicity assumptiond.Going concern assumptionAns: D, LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA FC: Measurement, IMA: Reporting 85.It is assumed that the activities of Ford Motor Company can be distinguished from thoseof General Motors because of the 86.The going concern assumption assumes that the business FOR INSTRUCTOR USE ONLY
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3-14 Test Bank for Survey of Accounting, First Edition 87.The economic entity assumption states that economic events 88.The concept that a business has a reasonable expectation of remaining in business forthe foreseeable future is called the a.economic entity assumption.b.monetary unit assumption.c.periodicity assumption.d.going concern assumption.Ans: D, LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA FC: Measurement, IMA: Reporting 89.Which of the following is notan accounting assumption? 90.The periodicity assumption states that
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