The economic entity assumption is that a company will remain in operations for the foreseeable future.

Name: The economic entity assumption is that a company will remain in operations for the foreseeable future.
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The economic entity assumption states that a business's financial transactions are separate from those of its owners or other businesses, not about its continuity. The assumption about a company's continuity is known as the "going concern" assumption.

The Economic Entity Assumption Is That a Company Will Remain