Question: 2. Going concern may be defined best as: (1 Point) A. The concept provides the basis for the formation of the accounting equation B. The

2. Going concern may be defined best as: (1 Point) A. The concept provides the basis for the formation of the accounting equation B. The concept refuses allocation of cost on different accounting periods. The concept refuses allocation of cost on different accounting periods C. The concept discusses the issue of the realization of profit D. The concept assumes that the business will not operate for a long period of time and will be dissolved (Closed down) in near future

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