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Chapter 1 · Corporate and Legal AffairsPractice
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CONCEPT PRACTICE

Going concern

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Volume 2 · Chapter 1 · Textbook Exercises · Q1

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Which of the following is an appropriate explanation of “going concern”?

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Source: FE Vol 2.pdf, PDF page 134, textbook p. 130 · Information-technology Promotion Agency, Japan · First Edition: April, 2015. ID: tb-v2-c1-q1. Publisher answer and commentary · private review.

Original question · Q1
Q1 
Which of the following is an appropriate explanation of “going concern”? 
 
a) The promotion of energy conservation in today’s IT-based society and the approach to 
the conservation of the global environment 
b) The act of publishing the internal state of the company to the society. 
c) The concept for any company to continue its corporate activities indefinitely and to 
continue to meet its missions 
d) The responsibilities of a company in response to requests from society or local 
communities

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