Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: what is going concern assumption?
A: Going concern assumption: An accounting guideline which allows the readers of financial statements to assume that the company will continue on long enough to carry out its objectives and commitments. [ In other words, the accountants believe that the company will not liquidate in the near future. This assumption also provides some justification for accountants to follow the cost principle. ]
Expert answered|jeifunk|Points 9798|
Question
Asked 5/30/2013 3:59:50 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is a income statement?
Weegy: An income statement is one of the financial statements of a company and shows the company's revenues and expenses during a particular period. (More)
Question
Expert Answered
Updated 5/15/2015 11:57:28 PM
0 Answers/Comments
What is revenue?
Weegy: Revenue represents the gross income a company brings in through its sales (More)
Question
Expert Answered
Updated 4/26/2014 8:17:41 PM
0 Answers/Comments
26,402,305 questions answered
Weegy Stuff
S
P
P
L
P
P
P
Points 131 [Total 1867] Ratings 3 Comments 101 Invitations 0 Offline
S
Points 73 [Total 84] Ratings 5 Comments 23 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 16 [Total 16] Ratings 0 Comments 6 Invitations 1 Offline
S
L
Points 15 [Total 112] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Online
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.