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Commerce · Q877

Accounting

Graduate and Post Graduate · Commerce · question 877

Q877

The 'going concern concept' is the underlying basis for

A.
Depreciating fixed assets over their useful life
Answer
B.
Consolidating the accounts of subsidiary companies with their parent companies
C.
Disclosing the market value of securities
D.
Disclosing the sales and other operating information in the income statement

Answer: Option A

Solution

Answer: Option A
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