Which of the following is an implication of the going concern assumption?
A. The historical cost principle is credible.
B. Depreciation and amortization policies are justifiable and appropriate.
C. The current-noncurrent classification of assets and liabilities is justifiable and significant.
D. All of these.
Answer:D
Which of the following is an implication of the going concern assumption?
A. The historical cost principle is credible. B. Depreciation and amortization policies are justifiable and appropriate. C. The current-noncurrent classification of assets and liabilities is justifiable and significant. D. All of these.