MCQOPTIONS
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MCQOPTIONS
| 1. |
The going concern concept assumes that |
| A. | The entity continue running for forseeable future |
| B. | The entity continue running until the end of accounting period |
| C. | The entity will close its operation in 10 years |
| D. | The entity can't be liquidated |
| Answer» B. The entity continue running until the end of accounting period | |