Which of the following statement about going concern is correct? Select one O a. Liquidation value is used when the company will not continue in operation for the foreseeable future, that is, it is no longer a going concern b. The reader of financial statements that have been prepared on the historical cost basis should be entitled to presume that the company in question is a going concern. Oc. The judgment that a company is a going concern, and should therefore use historical cost accounting, will turn out to be wrong if the company fails. O d. All of the above statements are correct