Explain the nature of the going concern assumption and its implications for the preparation of financial statements.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:10 AM

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Explain the nature of the going concern assumption and its implications for the preparation of financial statements.

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The going concern concept is the assumption that an entity will continue in operational existence fo...View the full answer

Introduction To Financial Accounting

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