Question: Cooper, CPA, believes there is substantial doubt about the ability of Zero Corp. to continue as a going concern for a reasonable period of time.

Cooper, CPA, believes there is substantial doubt about the ability of Zero Corp. to continue as a going concern for a reasonable period of time. In evaluating Zero’s plans for dealing with the adverse effects of future conditions and events, Cooper most likely would consider, as a mitigating factor, Zero’s plans to

a. Discuss with lenders the terms of all debt and loan agreements.

b. Strengthen controls over cash disbursements.

c. Purchase production facilities currently being leased from a related party.

d. Postpone expenditures for research and development projects.

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