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    Question

    Valuation under “going concern” assumes that assets

    will be:
    A Liquidated immediately Correct Answer Incorrect Answer
    B Sold at market value Correct Answer Incorrect Answer
    C Used in operations indefinitely Correct Answer Incorrect Answer
    D Scrapped Correct Answer Incorrect Answer
    E Donated Correct Answer Incorrect Answer

    Solution

    Going concern assumes business will continue, so assets are valued based on ongoing use, not liquidation.

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