Crabby Crab Berhad commenced its operations in the seafood industry on 1 April 2017 and conducts business the traditional way at its premises. Since its inception, the company earned reasonable profits due to the

demand for fresh seafood. However, due to the outbreak of the COVID-19 pandemic at the end of 2019, the

company began to incur losses as people shifted to online platforms to purchase fresh seafood that is delivered to the doorstep.On 31 March 2021,Crabby Crab Berhad liquidated its assets and filed for bankruptcy as it was

unable to sustain its business. In this scenario, does Crabby Crab Berhad comply with the going concern

assumption?Why?