Question: The going concern assumption implies that a firm will: continue to operate in the near future, but only after being acquired by another frm.cease operations

The going concern assumption implies that a firm will: continue to operate in the near future, but only after being acquired by another frm.cease operations after fulfilling all current obligations and contractscontinue to be in business at least for the next 12 months.be going out of business in the near future.Altempts: 0 of/3 usedUsing multiple attempts will impact your score. 20% score reduction after attempt?8Preparaserer

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