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The statement of financial affairs should be prepared A. under the going concern assumption. B. under the concept of conservatism. C. under the assumption
The statement of financial affairs should be prepared A. under the going concern assumption. B. under the concept of conservatism. C. under the assumption that liquidation will occur. D. under the continuity concept. E. only for a company in Chapter 7 bankruptcy.
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
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