landeroyol
Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value

Sagot :

Samawati

Answer:

B)a business will continue to operate for the foreseeable future

Explanation:

The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.

The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.