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_________ assumes the business will go on indefinitely in the future.
Suggested Answer: D
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45 comments · newest first
UL
Ula
12 months ago
I thought cost was more important in this context.
LI
Lizette
12 months ago
B is correct, but I think materiality plays a role too.
JO
Johanna
12 months ago
Wait, is it really that straightforward?
GR
Graciela
1 year ago
Agreed! Without that assumption, everything falls apart.
DE
Derrick
1 year ago
Definitely B, going concern is key for financial statements.
LO
Lorean
1 year ago
I’m confused between going concern and fair value. I need to remember what each term specifically means in context.
RO
Roy
1 year ago
I practiced a similar question last week, and it was definitely about going concern. So I’m leaning towards B as well.
MI
Mirta
1 year ago
I'm not entirely sure, but I feel like it could also be related to materiality. I need to double-check that.
LI
Lili
1 year ago
I think the answer is B, Going concern. I remember it being about the assumption that a business will continue operating.
LA
Laura
1 year ago
This looks like a straightforward question about organizing and cleaning up categories in a Nutanix environment. I think I can handle this one.
SH
Sharmaine
1 year ago
Alright, time to put my knowledge to the test. I'll carefully consider each option and make sure I select the three that are specifically related to adding agents in ACCS.
ME
Meaghan
1 year ago
I'm a bit confused by the wording of this question. Can someone clarify what exactly is meant by "clustering" Expressways? That might help me figure this out.
BR
Broderick
1 year ago
Going concern? More like 'going, going, gone' if you ask me! But hey, at least we can dream, right?
AL
Alaine
1 year ago
D) Fair value
KE
Kenda
1 year ago
C) Cost
RO
Rosendo
1 year ago
B) Going concern
HE
Helene
1 year ago
A) Materiality
TA
Taryn
1 year ago
B) Going concern. Isn't that the one where we pretend the business will keep running forever, no matter what? Sounds like a great strategy to me!
LA
Lawrence
1 year ago
B) Going concern. Anything else would be like trying to predict the future - good luck with that, am I right? I'd rather just assume everything's going to be peachy.
EN
Enola
1 year ago
D) Fair value
FR
Francine
1 year ago
C) Cost
CO
Cordie
1 year ago
B) Going concern
MA
Maryann
1 year ago
A) Materiality
DA
Dahlia
1 year ago
B) Going concern. Anything else would be like trying to predict the future - good luck with that, am I right? I'd rather just assume everything's going to be peachy.
MU
Murray
1 year ago
D) Fair value
ED
Edmond
1 year ago
C) Cost
DA
Daniel
1 year ago
B) Going concern
CA
Carey
1 year ago
A) Materiality
SH
Sharan
2 years ago
Hmm, I'd have to say B) Going concern. Isn't that the one where we assume the business will keep chugging along like the Energizer Bunny? I hope my boss feels the same way!
KR
Kristian
1 year ago
I hope my boss believes in the going concern assumption too, it's crucial for the business's success.
NO
Nohemi
1 year ago
That's correct! Going concern is an important concept in accounting to consider the future of the business.
SH
Shawn
1 year ago
I agree, it's like assuming the business will keep going and going, just like the Energizer Bunny.
AL
Alexia
1 year ago
Yes, you're right! Going concern is the assumption that the business will continue operating in the future.
AS
Ashlyn
1 year ago
Going concern is definitely a key concept in accounting to ensure the business can sustain its operations in the long run.
CI
Ciara
1 year ago
I think it's crucial for businesses to assess their ability to continue operating before making any financial decisions.
ER
Ernestine
1 year ago
I agree, it's important to consider the going concern assumption when evaluating a company's financial statements.
DA
Dahlia
1 year ago
Yes, you're right! Going concern is all about assuming the business will continue operating in the future.
JO
Joni
2 years ago
But what about materiality? Doesn't that also play a role in financial reporting?
OL
Olive
2 years ago
I agree with Lisbeth, businesses are expected to continue operating in the future.
GI
Gilberto
2 years ago
Going concern, of course! That's the foundation of our financial reporting, right? Anything else would be like building a house on quicksand.
WH
Whitley
1 year ago
Agreed, it's like the backbone of financial reporting.
FR
Francoise
1 year ago
Without the going concern assumption, financial statements would not reflect the true picture of the business.
JA
Jaime
1 year ago
It's definitely important to assume the business will continue operating in the future.
LE
Leslie
1 year ago
Yes, going concern is crucial for accurate financial reporting.
LI
Lisbeth
2 years ago
I think the answer is B) Going concern.