The 'going concern concept' is the underlying basis for – McqOptions

MCQOPTIONS

1.	The 'going concern concept' is the underlying basis for
A.	Disclosing the market value of securities
B.	Consolidating the accounts of subsidiary companies with those of parent company
C.	Depreciating fixed assets over their useful lives
D.	Disclosing the sales and other operating information in the income statement
Answer» B. Consolidating the accounts of subsidiary companies with those of parent company

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