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According to Generally Accepted Accounting Principles (GAAP), to Meet the "Going-Concern

Question 5

Multiple Choice

According to Generally Accepted Accounting Principles (GAAP) , to meet the "going-concern" standard an entity must be viewed as capable of staying in business for ____________ after the date of the financial statements.


A) a reasonable period of time
B) six months
C) nine months
D) two years

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