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The going concern concept refers to a presumption that: A)the entity will be profitable in the coming year. B)the entity will not be involved in
The going concern concept refers to a presumption that: A)the entity will be profitable in the coming year. B)the entity will not be involved in a merger within a year. C)the entity will continue to operate in the foreseeable future. D)top management of the entity will not change in the coming year. E)none of the above.
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