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  3. which of the following statements is false? a. the

Which of the following statements is false? A. The going concern assumption underlies the preparation...

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Accounting

Which of the following statements is false?

A. The going concern assumption underlies the preparation of financial statements.

B. If a company is not a going concern, the classification of its assets and liabilities does not matter.

C. The going concern assumption states that the business will continue in operation for the foreseeable future.

D. The going concern assumption does not create a foundation for the accounting process.

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