If a company is not expected to survive,it is considered a going concern.

Name: If a company is not expected to survive,it is considered a going concern.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is the opposite of the definition of a going concern. A going concern refers to a company that is expected to continue to operate and generate revenue for the foreseeable future. If a company is not expected to survive, it is considered a not a going concern or a company in financial distress.

If a Company Is Not Expected to Survive,it Is Considered