Posted On: 05/21/2014 9:32:45 PM
Post# of 41414
Here's the definition of a "going concern" .....
A term for a company that has the resources needed in order to continue to operate indefinitely. If a company is not a going concern, it means the company has gone bankrupt.
http://www.investopedia.com/terms/g/goingconcern.asp
You see why the going concern statement is required?
A term for a company that has the resources needed in order to continue to operate indefinitely. If a company is not a going concern, it means the company has gone bankrupt.
http://www.investopedia.com/terms/g/goingconcern.asp
You see why the going concern statement is required?
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