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Some of the Implications of Adopting the Going Concern Assumption

Question 15

Multiple Choice

Some of the implications of adopting the going concern assumption are shown in the following accounting practices, except:


A) justification of using historical cost to measure value of assets.
B) depreciation of non-current assets.
C) liquidation of an entity's operations.
D) inclusion of goodwill in the statement of financial position.

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