This is a question in my class that needs to be answer with at least 150 words. I would like for you to use your own words, but if not Cite-in-text with reference. No Plagiarism
The going concern principle states that the business will remain in operation for the foreseeable future. Going Concern is an important consideration in today’s accounting world given the economy. What indicators would you use to determine if a business has a going concern issue? When would you feel you should disclose this information to outside investors and lenders?
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