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. going concern assumption.
Answer:D
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. going concern assumption.