Which statement best expresses the going concern concept? Group of answer choices ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Which statement best expresses the going concern concept? Group of answer choices A company is assumed to continue operations indefinitely, benefitting from assets and paying liabilities. A company has a concern about its future. The auditors have issued an opinion that expresses ongoing concerns about the financial stability of a company. There is a concern about the financial health of an industry overall and the abilities of the companies that are part of that industry to generate profits.
Which statement best expresses the going concern concept?
Group of answer choices
A company is assumed to continue operations indefinitely, benefitting from assets and paying liabilities.
A company has a concern about its future.
The auditors have issued an opinion that expresses ongoing concerns about the financial stability of a company.
There is a concern about the financial health of an industry overall and the abilities of the companies that are part of that industry to generate profits.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.