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Does traditional financial accounting using historical cost conversion make the going concern unnecessary?

i don't know please help me with the right answer


Why are assets recorded at cost price and not current values?

Cuz of 'going concern' principle...


How much does a trade credit insurance policy cost?

This price of this policy is all dependent on several variables, but it typically costs half of one percent of insured sales. Rates are dependent on trading history, and historical debt loss.


What is the definition of Historical Cost?

what is the definition of historical cost


What is historical cost?

Historical cost is the cost of an item when it was originally acquired. Historical cost does not reflect the change of value over time that an asset undergoes.


Advantages of historical cost accounting?

strength of historical cost accounting


Is cost a concern about nuclear energy?

No


Top ten cheap hotels that have a pool and tub?

Where are you going that the cost of a hotel is your major concern? I sure wouldn't want to be your "other" half if you are that cheap.


How much does it cost to have flowers delivered by FTD?

The delivery cost of FTD is completely dependent on where the flowers are going to be shipped. Unless insurance is purchased, the delivery fee follows the standard set by the company.


How much does it cost for a volkwagen sharan?

The price for a Volkswagen Sharan is dependent on the year and condition of the car that is going to be purchased. The price can be anywhere from $10,000 to $30,000


How much does a car rental for 5 days cost?

That's going to be entirely dependent on the rental agency, the type of vehicle you're getting, the location where you're renting the vehicle, and how much it'll cost to insure you.


What is the difference between historical cost and replacement cost?

I believe historical cost is the original cost @ time of buying. Replacement cost is the price it would cost you @ present day values