Question: The going concern assumption means: (a) The entity is facing difficulties continuing as a going concern. (b) The entity is viewed as continuing in business

The going concern assumption means: 

(a) The entity is facing difficulties continuing as a going concern. 

(b) The entity is viewed as continuing in business for the foreseeable future with no need for liquidation. 

(c) Assets and liabilities are stated at liquidation values. 

(d) The auditor is concerned about whether the entity is going to change locations.

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