The Going Concern Assumption Is Not Applied to

question 95

Multiple Choice

The going concern assumption is not applied to

• A) companies that have sustained losses for the previous two years.
• B) companies about to file for bankruptcy.
• C) the partnership form of business.
• D) companies that have been in existence for less than a year.

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ESL Program

An educational framework designed to help non-native speakers improve their proficiency in English.

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A figure of speech that compares two unlike entities, using words such as "like" or "as" to highlight similarities.

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