D Question 12 1 pts A company's statement of profit or loss has been showing a loss from operations for a few consecutive years. The company is also having severe liquidity problems. If it were decided that the company was no longer a going concern, which of the following would apply in accordance with the Conceptual Framework? O All the assets should be liquidated. O The financial statements should be prepared as normal and the going concern status disclosed in the notes. O Financial statements do not have to be prepared. O The financial statements should be prepared on a different basis. Previous Next