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Question 39 (1 point) The assumption that a business will continue to operate until it can sell its assets to pay its creditors underlies the

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Question 39 (1 point) The assumption that a business will continue to operate until it can sell its assets to pay its creditors underlies the going concern principle. True False Question 40 (1 point) Trekking Company's total cost of inventory was $305,000. The net realizable value is $297,000. Under LCNRV, the amount reported should be $305.000 True False Previous Page Next Page Page 8 of 10

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