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July 24, 2014

Homework Help: Account

Posted by Anton on Sunday, September 23, 2012 at 5:26pm.

The going concern assumption is concerned with

a. The company's ability to continue operations long enough to carry out its existing obligations.
b. Measuring ongoing business activities at their exchange price at the time of the initial external transaction.
c. offsetting management's natural optimism by providing a prudent approach to uncertainty in financial statement items.
d. Any information that is capable of influencing the decisions of anyone using the financial statements.

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