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DaniilM [7]
4 years ago
5

The principle prescribing that financial statements reflect the assumption that the business will continue operating instead of

being closed or sold, unless evidence shows that it will not continue is the: A. Going-concern principle B. Business entity principle C. Objectivity principle D. Cost Principle E. Monetary unit principle
Business
1 answer:
Simora [160]4 years ago
8 0

Answer:

A. Going-concern principle

Explanation:

The correct Choice is A.

This concept assumes that the business unit will continue operating under the same economic conditions and in the same general environment. But it does not assume that the business unit will be profitable as long as it exists.

Accounting is based on the assumption that business unit will be operating for long. When a business is started , it is assumed that the business will not be dissolved in the near future. The accounting system provides a continuous record of the performance of the business throughout its existence.

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<u>Answer: </u>Option C Satisfy the inquiry and take the opportunity to introduce another product as well.

<u>Explanation:</u>

The first important thing in customer inquiry is that it has to be attended as soon as possible. It is a way to enhance the business and make the customer buy more when their doubts are clarified.

The other products of the business can be promoted along with the answers to the inquiry. This is the opportunity for the business to directly contact the customer so it has to be made use of. While another product is introduced the customer would be willing to know or buy the other product also.

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3 years ago
___ is a portfolio-planning tool for identifying company growth opportunities through market penetration, market development, pr
pentagon [3]

Answer:

Product market expansion grid

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Product market expansion grid -  

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3 years ago
Samantha is preparing a presentation about using waste to create soil compost. She plans to include a video that demonstrates co
Morgarella [4.7K]

Answer:

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Explanation:

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