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12.The going-concern assumption of accounting: A enables accountants to ignore the effect of inflation in the accounting records. B holds that the entity will remain
12.The going-concern assumption of accounting: A enables accountants to ignore the effect of inflation in the accounting records. B holds that the entity will remain in operation long enough to use its existing assets. C maintains that each organization, or section of an organization, stands apart from other organizations and individuals. D ensures that accounting records and statements are based on the most reliable data available
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