How Long to Forecast

When valuing a company, we typically assume the business is a going concern.

Which of the following is the best definition of going concern?

A going concern means the business is currently cash flow positive.

A going concern means the company is concerned it will cease operations in

the near future.

The business will operate for a finite amount of time and we know exactly

when the operations will end.

A going concern assumes the business operates indefinitely.