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    Intermediate Accounting Study Set 1
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    Exam 2: Conceptual Framework Underlying Financial Reporting
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    Going Concern Assumption The Going Concern Assumption Applies in Most, but Not All
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Going Concern Assumption The Going Concern Assumption Applies in Most, but Not All

Question 50

Question 50

Essay

Going concern assumption
The going concern assumption applies in most, but not all, business situations. When would it not apply?

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The only time when the assumption would ...

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