The going concern concept is a fundamental principle of accounting.It assumes that during and beyond the next fiscal period a company will complete its current plans, use its existing assets and continue to meet its financial obligations. ... This underlying principle is also known as the continu...
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Going concern is one the fundamental assumptions in accounting on the basis of which financial statements are prepared. Financial statements are prepared assuming that a business entity will continue to operate in the foreseeable future without the need or intention on the part of management to liquid...
国家开放大学《人文英语 4》单元自测 1-8 参考答案 单元自测 1 一、选择填空,从 A 、B、C 三个选项中选出一个能填入空白处的最 佳选项。(每题 10 分 1、 –Do you think I can borrow your bike for a few hours? –___ A. Im sorry, but I really need it this afternoon. B. I am afrai...
What Does Going Concern Assumption Mean? Contents[show] This is an important concept to financial accounting because many other accounting principles are based on the assumption that companies will not cease to exist at the end of a period. The going concern principle is what establishes the abili...
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concern is given by the following example: if you drive uphill, your speed slows down and your foot pushes harder on the pedal. Naively applying the statement “correlation is a precondition for causation” to this example would lead you to precisely draw the wrong inference: that your foot ...
What Is Google Gemini? What Is the Gender Pay Gap? General Obligation Bonds What Is the Greater Fool Theory? What are Generally Accepted Accounting Principles (GAAP)? Going Concern Assumption: Everything You Need to Know Gross Margin: Definition and How to Calculate ...
Another example is when a relative asks you to use yours influence to get him or her a bank loan or work promotion. However, we cannot ignore the fact that many people are reluctant to say no. They feel that if they turn down a request from a relative or friend, they will cause ...
franchisor, a franchisee could turn out to be a poor choice—irresponsible, difficult to work with, or incapable of running a business for whatever reason. Or the franchise could becomeunprofitablefor other reasons. Even with a proven business plan, there is no guarantee that a franchise will ...