In accounting, we would normally assume that a company will continue to use its factory over some period of time, and therefore it makes sense to depreciate the factory over some period of time. The name for this assumption is the
A) Constant-dollar assumption
B) Periodicity assumption
C) Going concern assumption
D) Realization principle
Correct Answer:
Verified
Q2: The Laramie Company recorded an estimated liability
Q3: The Dix Company recorded an estimated liability
Q4: Under GAAP, the usual rule for accounting
Q5: Under GAAP, spending on internally developed intangible
Q6: The Buckley Corp. is located in Florida.
Q7: One of Bagget Airlines' planes crashed on
Q8: The Argyle Corp. is the defendant in
Q9: The Westminster Corp. is the defendant in
Q10: The Stratmore Corp. is the defendant in
Q11: The Essex Corp. is the plaintiff in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents