Why is continuity assumption so important for balance sheet

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Why is the continuity assumption so important for balance sheet reporting?

Reference no: EM13845929

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Compute cash-basis net income : Primo Industries also paid $72,000 for expenses in 2014. Of the amount paid, $30,000 was for expenses incurred on account in 2013. In addition, Primo incurred $42,000 of expenses in 2014, which will not be paid until 2015.
Why is continuity assumption so important for balance sheet : Why is the continuity assumption so important for balance sheet reporting?
Compute cash-basis net income : Primo Industries also paid $72,000 for expenses in 2014. Of the amount paid, $30,000 was for expenses incurred on account in 2013. In addition, Primo incurred $42,000 of expenses in 2014, which will not be paid until 2015.
What is 0.000000512 written in a scientific notation : What is 0.000000512 written in a scientific notation
Calculate the rental fee based on the type of video : The Color option should change the background color of the form; the font changes can change the control of your choice. Set keyboard shortcuts for the menu commands.
Identify the outcome of the change in terms of success : Identify the outcome of the change in terms of success, failures, cultural outcomes, and human resource changes. You should support your ideas with at least three references. Your paper should be 3-5 pages long, well-written.

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