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    Business
  3. Study Set
    Accounting Understanding and Practice
  4. Exam
    Exam 3: The Development of Financial Reporting
  5. Question
    The Going Concern Concept Assumes That the Business Will Continue
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The Going Concern Concept Assumes That the Business Will Continue

Question 10

Question 10

True/False

The going concern concept assumes that the business will continue in operational existence for only a limited period of time

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