The continuity assumption acknowledges that estimates of net income are still useful.
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Q6: Accounting periods should be of unequal length
Q7: If a company is not expected to
Q8: When a net loss has been suffered,Retained
Q11: Direct cause-and-effect relationships between revenues and expenses
Q12: When there is a direct connection between
Q13: When revenues exceed expenses,a net income occurs.
Q14: Instead of the word net income,accountants use
Q15: Not all decreases in stockholders' equity are
Q20: Revenue is equal to the cash received
Q42: The intentional preparation of misleading financial statements
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