8 201 10.00 polnts TB 13-56 Which of the following factor does not contribute Wh

Question

8 201 10.00 polnts TB 13-56 Which of the following factor does not contribute Which of the following factor does not contribute to the going-concern problem? O excessive reliance on debt financing O company following accounting rule peculitar to its Industry. O loss of key personnel without comparable replacement. O Inadequate maintenance of long-tived assets Muttiple Choice Difficulty Medium Learning Objective: 13-06 Describe how A Depend on key Accounting Decisions and Concept TB 13-56 Which of the following factor does

Explanation / Answer

Going Concern simply means as to the business will run for a long time without any threat to its existance in near future. This can be measured by many means and conditions. But company's selection of peculier accounting policies does not affect this as this can be corrected while preparing financial statements all other factors mentioned above affect the existance of the company in near and foreseeable furure.

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