The going concern principle assumes that the business will continue indefinitely.
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Q13: A business entity is regarded as separate
Q14: The payment of a liability causes an
Q15: The sale of additional shares of capital
Q16: Assets need not always have physical characteristics
Q17: When a business borrows money from a
Q19: Total assets plus total liabilities must equal
Q20: Any business event that might affect the
Q21: Which of the following is not a
Q22: The accounting principle that assumes that a
Q23: Window dressing occurs when management attempts to
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