The assumption that a business enterprise will not be sold or liquidated in the near future is known as the
A)economic entity assumption.
B)monetary unit assumption.
C)conservatism assumption.
D)none of these.

Question

Quizplus · Accepted Answer

The assumption that a business will continue to operate indefinitely and not be sold or liquidated in the near future is known as the "going concern assumption," which is not listed among the options provided.

The Assumption That a Business Enterprise Will Not Be Sold