In Accordance with International Accounting Standards Complete the Sentence: an Entity

Multiple Choice

In accordance with international accounting standards complete the sentence: An entity is a going concern:

A) if its current assets exceed its current liabilities.
B) unless within the next 12 months the entity will liquidate.
C) unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so.
D) if management believes the entity will be able to operate for at least the next 12 months.