MCQs > Finance & Management > Generally Accepted Accounting Principles (GAAP) > Which of the following best describes Going Concern?

Generally Accepted Accounting Principles (GAAP) MCQs

Which of the following best describes Going Concern?

Answer

Correct Answer: The assumption that a company will operate indefinitely

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it