Question: 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.

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.
(b) Unamortized bond premium.
(c) Depreciation expense on equipment.
(d) Inventory.
(e) Prepaid insurance.

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