The Going Concern Concept Is Defined As

The going concern concept is defined as:

A) An accountant showing due diligence throughout the accounting cycle.
B) An owner showing interest and concern for his business.
C) An accounting concept in which preparing financial statements on a regular basis ensures that the company is in good standing.
D) An accounting concept that assumes the business is not shutting down in the foreseeable future.
E) An accounting concept in which the business will have regular audits.

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