On the issue of going concern in the context of IAS 1: A. Entities must be assumed
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On the issue of ‘going concern’ in the context of IAS 1:
A. Entities must be assumed to last no longer than 12 months.
B. Entities can be assumed to last for 12 months, but accountants must not assume any longer life.
C. Entities can be assumed to have indefinitely long lives.
D. Accountants should assess whether the entity will continue for the foreseeable future.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9781292102993
6th Edition
Authors: David Alexander, Christopher Nobe
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