MCQOPTIONS
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| 1. |
If the Going Concern concept is no longer valid, which of the following is true? |
| A. | All prepaid assets would be completely written-off immediately |
| B. | Total contributed Capital and Retained Earnings would remain unchanged |
| C. | Intangible Assets would continue to be carried at net Amortized historical cost |
| D. | Land held as an Investment would be valued at its realizable value |
| Answer» E. | |