1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
likoan [24]
3 years ago
15

The going concern assumption implies that: 1. a firm will continue to be in business for the foreseeable future. 2. a firm will

be going out of business in the near future. 3. a firm will continue to operate in the near future, but only after being acquired by another firm. 4. none of these.
Business
1 answer:
Charra [1.4K]3 years ago
7 0

Answer:

A firm will continue to be in business for the foreseeable future (A)

Explanation:

According to the accounting concept, a firm is a going concern if its financial statement (i.e Income Statement, Cash flow Statement and Statement of financial position ) and other relevant indicators show that it has the ability to continue in the business in the next 12 months (foreseeable future) and there is no intention to shut-down .

However, if there are indicators that show that the firm can't continue in the operation for the next 12 months, its financial statement should be prepared on break-up basis.

You might be interested in
:- How might U.S. pharmaceutical companies and U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
lesantik [10]

Answer:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

Explanation:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

The U.S. pharmaceutical companies have major benefits from India because the people from India see others inputs instead of the goals for themselves and America is seen as an individualistic culture and there is lower power distance in America due to the fact that everyone is created equal which is why within America, people often to seek their own personal goals instead of the good of others.

Furthermore America is more concerned about self while India seeks to help the world globally which is why two different counties have to adapt to policies and procedures to respect exporting trade rights and this policy is known as the World Trade Organization.

6 0
2 years ago
What does the purchaser of a product obtain besides the good service or idea itself?
-BARSIC- [3]

A buyer of a manufactured good not only obtains the good itself, amenity, or awareness, but also receives good after-sales services that aid in handling and increasing products efficiently. Providing this kind of services are important to the capability of the business to uphold fruitful relations as well as marketing mixes by creating continuous growth in products and over market research. Providing excellence after-sale deal encourages the goodwill of the business. This competence lets customers not to use money for maintenances for 1 or 2 years of warranty period.

8 0
3 years ago
Read 2 more answers
The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares
Molodets [167]

a) Price of a buy order of 200 shares is $58.36.Because there was an offer of sale that is 250 shares at $58.36 per share, so the price would remain constant at 200 Shares.

8 0
3 years ago
Suppose in 2020, you purchase a house built in 2014. Which of the following would be included in the gross domestic product for
Tcecarenko [31]

Suppose in 2020, you purchase a house built in 2014. The value of the services of the real estate agent. the value of the services of the real estate agent would be included in the gross domestic product for 2020 This is further explained below.

<h3>What is the gross domestic product?</h3>

Generally, Final products and services—i.e., those purchased by consumers—are included in GDP, which estimates the value of goods and services produced in a specific period of time.

In conclusion, Imagine that in the year 2020 you decide to buy a home that was constructed in 2014. The price that should be paid for the real estate agent's services. The total value of the real estate agent's services would be included in the calculation of the gross domestic product for the year 2020.

Read more about gross domestic product

brainly.com/question/9201016

#SPJ1

7 0
2 years ago
The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market isa. the five f
Alexxx [7]

Answer:

The correct answer is letter "A": the five forces framework.

Explanation:

Porter's Five (5) Forces is an analysis scheme created by American economist Michael E. Porter (<em>born in 1947</em>). The ultimate goal of this analysis is to help managers set their expectations of profitability because as competition increases, profitability decreases. Three of the five forces relate to those involved in the industry. The other two apply to the suppliers, the vertical participants, and consumers.

4 0
2 years ago
Other questions:
  • Why is a relentless workaholic quickly overwhelmed?
    15·1 answer
  • Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.
    10·1 answer
  • What would it signify if the population of a country remained the same while the real GDP increased? A) the economy is in declin
    5·2 answers
  • Frito lay experienced a​ 20% drop in its sales. even though the demand for its product​ decreased, frito lay did not cut the wag
    13·1 answer
  • The CEO of your company asks you to hire her nephew, Dave, who has been struggling to find a job. This is _________ because Dave
    7·1 answer
  • China is considered to have​ a(n) ________ culture.
    7·1 answer
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • A product enters the maturity phase of the life cycle, during which sales are strong but growth is slowing. What product managem
    8·1 answer
  • What measures the change in prices of a basket of goods and services in a given year?
    7·2 answers
  • Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting informa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!