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4) Which of the following statements regarding the going concern concept is true? A) The going concern concept assumes that the business will never fail.

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4) Which of the following statements regarding the going concern concept is true? A) The going concern concept assumes that the business will never fail. B) The going concern concept assumes that the business will continue for the foreseeable future. C) The going concern concept applies when it appears that the business will not continue for the foreseeable future. D) The going concern concept only applies when the business is making a prot

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