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bogdanovich [222]
3 years ago
12

The ____________ assumption assumes that in the absence of information to the contrary, it is anticipated that a business will o

perate indefinitely.
Social Studies
1 answer:
Gelneren [198K]3 years ago
4 0

Answer:

The going concern assumption

Explanation:

The <u>going concern</u> assumption assumes that in the absence of information to the contrary, it is anticipated that a business will operate indefinitely. The going concern assumption implies that an entity will continue being in business indefinitely. The going concern assumption is necessary for accountants to determine if a company or business will be in business long enough to meet its obligations and targets.

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