Classification of assets into current and long-term illustrates which assumption
What is monetary unit assumption?
Which of the following assumptions implies that a business can continue to remain in operation?
Which of the following assumptions indicates that the life of a company can be divided into artificial time periods for periodic reporting?
Which assumption in financial reporting dictates that the company is expected to operate long enough to carry out its objectives?
What are the 3 main assumptions of accounting?
- Going Concern: #1 Fundamental Accounting Assumption. …
- Consistency: #2 Fundamental Accounting Assumption. …
- Accrual: #3 Fundamental Accounting Assumption.
What are the four basic assumption in accounting?
Which of the following principle assumes that a business will continue for a long time?
This accounting principle assumes that a company will continue to exist long enough to carry out its objectives and commitments and will not liquidate in the foreseeable future.
What is the going concern assumption?
Which accounting assumption assume that an enterprise will continue in operation long enough to carry out its existing objective and commitment?
Which of the following is most likely to be an advantage of buying an existing business?
Which of the following is most likely to be achieved as the result of starting a business with established customers?
What is the best measure of a company’s liquidity?
Which of the following countries would be the least challenging in its ease of doing business according to the World Banks Index?
Which type of business plan is intended as the blueprint of a company’s activities and is directed to an internal audience?
As per the given question, we are required to determine the type of business plan which is intended as the blueprint of a company’s activities and is directed to an internal audience. Upon analysis, it can be concluded that the business plan will be operational.
Is an explanation of the most critical assumption that your financial statements are based on?
Which of the following statements best describes the process of idea screening in new product development?
Which of the following is an internal factor that influences entrepreneurs Mcq?
Entrepreneurial success will be determined by five factors: innovation, risk tolerance, response to possibilities, leadership, and the capacity to take advantage of your rights.
Which section of the business plan focuses on the specific segments or target market of an industry to which the firm will try to appeal?
Is an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner?
Which of the following factor does not affect business research Mcq?
Interest cost fluctuations are associated to financing. An increase in debt ratio which is associated to interest cost variability has no effect on business risk.