Question: (L05) If the going concern assumption is not made in accounting, discuss the differences in the amounts shown in the financial statements for the following

(L05) If the going concern assumption is not made in accounting, discuss the differences in the amounts shown in the financial statements for the following items.

(a) Land.

(d) Inventory.

(b) Unamortized bond premium.

(e) Prepaid insurance.

(c) Depreciation expense on equipment.

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