It is the responsibility of the management of a company to determine whether the going concern assumption is appropriate in the preparation of financial statements. If the going concern assumption is considered by the management to be invalid, the financial statements of the entity would need to be...
If we automatically assumed that companies ended operations at the end of every period, there would be no reason to accrue expenses. Companies wouldn’t have to pay for these expenses next year because they wouldn’t exist. Example The going concern assumption reinforces the matching principle, ...
Consider the following statement: Rationale why plant assets are not reported at liquidation value. Which among the following assumptions, principles, and/or constraints describe the given statement? a. Economic entity assumption b. Going concern assumpt ...
Learn about the monetary unit assumption and see how it is used in business. Understand the monetary unit principle with an example of how to...
4. We often ( ) that when other people do the same things as we do, they do them for the same reasons; but this assumption is not always reasonable. 5. There is widespread concern that the rising unemployment may ( ) a threat to social stability. ...
Our objective has been to prove the liberation of internal water energy. As in so many twentieth-century despotisms, liberation comes from above. Opera criticism would face a dizzying liberation if the conventional assumption about leitmotif - that the referential meaning is immanent - were tur...
SECURITY_MODE securityMode = NO_SECURITY; if (argc < 3) { wprintf(L"Usage:\n FileRepService.exe <server/client> <Service Url> [/reporting:<error/verbose>] [/encoding:<text/binary/MTOM>]"); wprintf(L" [/connections:<number of connections>] [/chunk:<size of the payload per message>...
HISTORY IT HAS BEEN SAID, IS PHILOSOPHY TEACHING BY EXAMPLE; History is not simply a record of man's accomplishments. Even more, History is the story / record of God's interaction with man. It is indeed His Story ~ CJD
Their existing brand would be easily leveraged into this more general market, but there is a concern that their existing brand equity may be eroded in their traditional target market Leveraging the brand into a fashion segment may dilute the value of their existing brand equity, or alternatively ...
Anticipated reinvestment rates play a role in an investor’s decisions about what term to select when purchasing a bond orCertificate of Deposit(CD). An investor who expects interest rates to rise might select a shorter-term investment under the assumption the reinvestment rate when the bond or ...