Which of the following assumptions implies that a business can continue to remain in operation into the foreseeable future?
A)Historical cost principle.
B)Monetary unit assumption.
C)Continuity assumption.
D)Separate-entity assumption.

Question

Quizplus · Accepted Answer

The continuity assumption assumes that a business will continue to operate in the future, allowing for consistent financial reporting and analysis.

Which of the Following Assumptions Implies That a Business Can