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Which of the following statements best describes the term 'going concern'?

<p>1) The potential to contribute to the flow of cash and cash equivalents to the entity</p> <p> </p> <p>2) When current assets less current liabilities become negative</p> <p> </p> <p>3) The ability of the entity to continue in operation for the foreseeable future</p> <p> </p> <p>4) The income less expenses of an entity are negative</p> <p> </p> <p>5) None of the above is correct</p>

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Question ajoutée par Wasif Ali , Stock & Credit Controller , Petrogas Company Ltd.
Date de publication: 2014/11/20
Utilisateur supprimé
par Utilisateur supprimé

(3) The ability of an entity to continue in operation for the foreseeable future.

Ismail Mamoojee
par Ismail Mamoojee , Group Compliance Officer , Liberty

3 = the ability of the company to continue operations

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