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Q. |
If the Going Concern concept is no longer valid, which of the following is true?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» D. Land held as an Investment would be valued at its realizable value |
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