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With Respect to the Going Concern Assumption, Under Generally Accepted

Question 87

Multiple Choice

With respect to the going concern assumption, under Generally Accepted Accounting Principles (GAAP) , a reasonable period of time is _______.


A) considered to be 90 days
B) considered to be 180 days
C) one year from the date the client issues financial statements
D) two years from the date the client issues financial statements

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