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Q7 7- The going concern concept is a fundamental principle of accounting. Explain why the going concern basis is important in understanding Philips financial statement;
Q7 
7- The going concern concept is a fundamental principle of accounting. Explain why the going concern basis is important in understanding Philips financial statement; Support your answer with evidence from Philips annual report. [Marks (Words): 10(100)] Step by Step Solution
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Intermediate Accounting Volume 1
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881237, 9781260881233
